[dehai-news] (Shabait) Eritrea signs agreements with Defba Oil Share Company on exploration of oil resource


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From: Eri News (er_news@dehai.org)
Date: Fri Oct 03 2008 - 12:10:39 EDT


National News
Eritrea signs agreements with Defba Oil Share Company on exploration
of oil resource
By Staff
Oct 3, 2008, 13:34

Asmara, 3 October 2008 - The Government of Eritrea today signed two
agreements with Defba Oil Share Company on oil exploration and
development.

Accordingly, the company would undertake oil exploration activities
in two blocks of the Eritrean northern territorial waters.

Defba Oil Share Company has been set up through the partnership of
the Eritrean government and Energy Alliance Company W.L.L.

The agreements were signed in Asmara by Mr. Tesfai Gebreslasie,
Minister of Energy and Mines, on the Eritrean side, and Mr. Shi
Jicheng, General Manager of Defba Oil Share Company, on the side of
the company.

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