Petra Energyia Submits Proposal for Ethiopian Concession
Brazilian petroleum company, Petra Energiya, submitted a proposal for a concession in the Ogaden and Abay basins of Ethiopia according to sources.
The actual blocks that the company has submitted a proposal for are yet to be disclosed as the proposal is being evaluated by experts in the Petroleum Licensing and Administration Section of the Ministry of Mines.
The MoM awards concession upon negotiation with companies unless there are several companies interested in the same block in which case the ministry floats a tender according to officials.
Add a comment Add a comment