Australia’s Rialto Energy has linked up with Dutch energy trader Vitol to develop projects in the Ivory Coast and Ghana.
Rialto said Vitol had agreed, under a term sheet signed on Tuesday, to acquire a 20% interest in Rialto’s subsidiary Rialto Energy (Ghana), which holds a 12.5% interest in the Ophir Energy-operated Accra Block off Ghana.
Vitol already holds a 30% stake in this block through its Vitol Upstream unit.
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