East African Energy Boom At Risk
From Reuters
As giant oil and gas discoveries have some of the world”s biggest energy firms jostling for space in East Africa, the fate of one gas producer offers them a cautionary tale.
After investing $160 million in Tanzania, an offshoot of Canada”s Orca Exploration (ORCb.V) is close to paralysis because of unpaid bills and quarrels with authorities over terms.
