Tanzania: Ruvuma farmout approved


Issue 425 - 22 Oct 2020 | 1 minute read

The government has approved the farmout of a 50% interest in the Ruvuma production-sharing agreement after Aminex warned that the buyer was set to walk away. Aminex, which first announced the farmout to ARA Petroleum Tanzania Limited in 2018, said on 30 September that, if government approval was not received by 15 October, the deadline would not be extended again.

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