The deal, also signed with Tullow Oil andChina National Offshore Oil Corporation (CNOOC), will see initial output fromthe three operators’ three blocks in the land-locked African nation used forpower generation, Bloomberg reported.
The MoU, revealed by Energy Minister IreneMuloni on Thursday, required the three oil companies to support plans todevelop an oil refinery, according to the news wire.
"The government has signed an MoU on thesustainable development of the discovered petroleum resources in the AlbertineGraben (basin) with the licensed oil companies operating in the country,"rival news wire Reuters quoted Muloni as saying.
“The
