Uganda and Tanzania signed an agreement to regulate the framework for the construction of the $3.55b crude export pipeline that will link the two countries.
The first agreement involves an exploration and production sharing contract for the Rufisque Offshore Profond block. The second one sets that Total will perform studies to assess the exploration potential of Senegal ...
Iran announced that it is ready to join the OPEC oil production cuts despite being exempted from the initial production cuts agreement, which allowed it to boost its crude output to about 4m barrels.