Tanzania: Scirocco sells Ruvuma stake to Ara Petroleum

Issue 474 - 09 Dec 2022 - By James Gavin | 1 minute read

The sale of London AIM-listed Scirocco Energy’s 25% interest in the Ruvuma production-sharing agreement (PSA) to Ara Petroleum Tanzania (APT) is set to go ahead after the country’s Fair Competition Commission (FCC) approved the transaction.

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