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Category: gas or oil


GPB Global Resources Signs A Deal for Exploring Petroleum in Ethiopia

Posted by in Business, Company, gas or oil, Production Company

Sergey Tagashov, the Executive Director for Corporate Communications of GPB Global Resources B.V., stated that the company seeks to invest around $60 million exploring oil in the northeastern part of Ethiopia. The company signed a production-sharing agreement with the government that includes seven years for oil exploration and twenty-five years for the production. During a…


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