East African Business Week
Written by EABW REPORTER:
Monday, 04 August 2008
According to Burundi's Director for Geology and Mines Mr. Damien Riragonya Burundi potentially large oil deposits are said to be existing on the Burundi side of Lake Tanganyika area.
Oil sips have been sighted and satellite images have added weight to earlier studies. Oil has been sighted on the Rusiszi basin along the border with the DRC. Interest has grown in exploring Burundi's oil and already companies have flown in and laid papers to government for exploration and prospecting licences. "We have four applications for oil exploration. We have divided the oil zones into four blocks. Three blocks are in the lake area, i.e. BCD and Kisizi Basin Delta as a Block A. Block D has been awarded to Surestream Petroleum
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