Friday, 25 May 2007

Equatorial Guinea delays awarding oil blocks

(Reuters) - Equatorial Guinea, sub-Saharan Africa's third largest oil producer, has delayed awarding 10 new offshore exploration blocks for two months, a source in the country's ministry of mines and hydrocarbons said on Friday.

The West African nation had planned to award the acreage in mid-May, and said it had received interest from a significant number of prospectors in Nigeria, Britain and India.


Read more at Reuters Africa

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