Malawi Government to Probe Surestream Oil Exploration Deal

21 Aug 2012 by OOSKAnews Correspondent

The Malawian government will investigate the award of an oil exploration license to UK-based Surestream Petroleum Limited last year, President Joyce Banda said on August 19. She said the decision came following media reports that suggested kickbacks were involved in the licensing, which allows oil exploration in Lake Malawi, also known as Lake Nyasa, located on the border with Tanzania. “We have heard that there were underhanded dealings in this contract, so we would like to find out the truth,” she told the press. “I am not sure if there was any bidding.” Media reports indicated that other companies including UK-based Lonhro Oil & Gas and Tullow Oil Plc, also headquartered in the United Kingdom, had also applied for exploration and oil production license on the northern and eastern tip of the lake, where the African Rift Valley is deep...

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