East Africa to auction more blocks in 2015

摘要

EAST AFRICA IS riding a wave of change in the management of exploration and production rights of its newly struck oil and gas resources amid growing pressure for transparency and accountability. In a latest development, Uganda has launched an oil-exploration licensing round for six blocks in its Lake Albertine Rift basin. The blocks on offer include at least four lucrative discoveries through an open competitive bidding process, energy and minerals minister Irene Muloni has said, adding that new licenses would be issued by the end of 2015.