The Public Interest Accountability Committee (PIAC) has expressed satisfaction with some ongoing projects in the Western North and the North East Regions.
European Union leaders agreed to pursue a ban on imports of most Russian oil
Brent crude for July, which expires on Tuesday, rose US$2.19, or 1.8%, to US$123.86 a barrel at 0650 GMT, after earlier rising to US$124.10 – its highest since 9 March
As the MSGBC region gradually positions itself as a globally competitive gas economy, the MoU will be instrumental in accelerating the adoption and monetization of gas.
Tullow Oil says it will continue operations in Africa despite plans by other operators to shift from the continent.
Tanzania petroleum regulators insist that there is no operational contract signed between the government and Petrodel which claims to own the three blocks.
Brent crude futures for July were up US$1.32, or 1.2%, at US$110.43 a barrel at 0700 GMT, after falling by more than US$1 earlier in the session
PIAC therefore recommended the labelling of Annual Budget Funding Amount (ABFA)-funded projects for identification.
The corporate is now hoping to broaden in Africa, with new bulletins anticipated by the tip of the 12 months.
Crude has surged in 2022, with Brent hitting US$139, its highest since 2008, in early March as Russia’s invasion of Ukraine exacerbated supply concerns