Rwanda May Invite Private Investment for Oil Search in Lake

  • State is conducting second round of shallow-drilling tests
  • Nation is already tapping lake’s methane for electricity
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Rwanda is considering partnering with oil and gas companies for the next stage of exploring Lake Kivu for more hydrocarbons, a government official said.

The East African nation has conducted the first roundBloomberg Terminal of shallow drilling for geochemistry tests in the methane-gas-producing lake in the west of the country, according to Mines, Petroleum and Gas Board Chief Executive Officer Francis Gatare.