Rwanda May Sign Production-Sharing Accord With Canada’s Vanoil
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Rwanda is poised to sign an agreement to share output from the Lake Kivu region with Vanoil Energy Ltd. when the Canadian explorer confirms it’s found oil.
“When they confirm oil deposits, we will then discuss and probably sign a production-sharing agreement,” Vincent Karega, Rwanda’s minister of infrastructure, said today by phone from the capital of Kigali. “They had started the process earlier but stopped because of unfavorable weather.”