Wednesday, March 25, 2009

Tullow Oil Likely to Win Congolese Bid

From Dow Jones:
U.K.-based Tullow Oil PLC, which operates two blocks on the Ugandan side of the oil-rich Albertine Rift, is close to acquiring rights on two more blocks on the Congolese side of the rift, the company's vice president in charge of African business told Dow Jones Newswires Wednesday.
This deal will enable Tullow to develop the oil reserves from both sides of Lake Albert.

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