Rak Gas Oil Exploration in Lake Malawi On Hold Until 'Clarification'
Malawi government has invited Rak Gas, one of the firms searching for oil and gas in Malawi, for talks scheduled in March on the mist over suspected links with Hamra Oil before clearing them for exploration on blocks Four and Five on the Lake Malawi according to Malawi’s Nyasa Times
Minister of Energy and Mining Minister Bright Msaka has said government has “issues” with blocks Four and Five which were allocated to Rak Gas.
According to press reports, Lake Malawi is divided into six segments for oil and gas exploration with block One awarded to Sac Oil Holdings Limited of South Africa in 2012 whereas Block Two and Three were awarded to a British firm Surestream Petroleum in 2011, but in 2013 Hamra Oil Holdings acquired a 51 percent stake in the Surestream licences.
Blocks Four and Five were awarded to Rak Gas in July 2013 whereas the sixth block went to Pacific Oil.
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