High prospects for oil in Malawi – Mining & Trade Review | Mining in Malawi

High prospects for oil in Malawi – Mining & Trade Review | Mining in Malawi: July 2018 � by Rachel Etter-Phoya � in Oil & Gas. � High prospects for oil in Malawi By Chiku Jere Exploration work currently being pursued by multinational firms in Malawi’s stretch of the oil rich Great African Rift Valley has unveiled high prospects for oil discovery

Govt to lose millions in oil deals—Oxfam report - The Nation Online

Govt to lose millions in oil deals—Oxfam report - The Nation Online: "YOU ARE HERE: Home → Govt to lose millions in oil deals—Oxfam report

Govt to lose millions in oil deals—Oxfam report
Golden Matonga May 26, 2018 1 Comment
Government could lose up to $112 million (K82 billion) in revenue if the country commences oil production under the current production sharing agreements (PSAs) with foreign companies, a new Oxfam report has stated.

The analysis of the fiscal terms in the oil contracts done by Oxfam, through a consortium of international economic and oil industry consultants, is based on assumptions on provisions in the contracts which allow companies to pay less taxes as the oil blocks make more profit.

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Efora Energy (formerly SacOil) relinquishes oil exploration licence in Malawi | Mining in Malawi

Efora Energy (formerly SacOil) relinquishes oil exploration licence in Malawi | Mining in Malawi: "EFORA ENERGY (FORMERLY SACOIL) RELINQUISHES OIL EXPLORATION LICENCE IN MALAWI
20 February 2018 · by Rachel Etter-Phoya · in Oil & Gas, SacOil. ·
Efora Energy (formerly SacOil) relinquishes oil exploration licence in Malawi
Prospecting for oil in Malawi’s northern Block 1 has not been successful. As a result, South African company Efora Energy has decided not to renew its prospecting licence.

According to JSE-listed Efora Energy, formerly trading under SacOil Holdings, the prospectivity did not meet project investment criteria. SacOil initially acquired the licence in December 2012."



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Firm invests K18bn in cooking oil plant - The Nation Online

Firm invests K18bn in cooking oil plant - The Nation Online:

Firm invests K18bn in cooking oil plant

Christopher Jimu O January 30, 2018 

A new firm, Mount Meru Millers, has invested $25 million (about K18 billion) to set up a cooking

oil factory, creating 250 jobs in Dowa District.

The plant, located at Mgubo Village near Lumbadzi Trading Centre, is the fifth factory the

company has opened in sub-Saharan Africa with others in Rwanda, Tanzania, Zambia and

Uganda.





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Hamra Holdings Embarks On Mapping For Oil And Gas Exploration

Hamra Holdings Embarks On Mapping For Oil And Gas Exploration: "The Malawi government in collaboration with Hamra Holdings Limited is set to begin its geological and geo-physical mapping for oil and gas exploration, in Karonga District.

Hamra Holdings Limited is an oil exploration company and according to the Company’s consultant, Grain Malunga, the survey starts this month.

The findings, which may lead to offshore oil exploration, are expected to be revealed to the public by December this year"



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Hamra Ltd brief Nkhata Bay communities on oil exploration in Lake Malawi | Malawi Nyasa Times - Malawi breaking news in Malawi

Hamra Ltd brief Nkhata Bay communities on oil exploration in Lake Malawi | Malawi Nyasa Times - Malawi breaking news in Malawi: "Hamra Ltd brief Nkhata Bay communities on oil exploration in Lake Malawi
October 27, 2017 Aliko Munde -Mana Be the first to comment
Hamra Holdings Limited consultant, Grain Malunga has disclosed that the Airborne Geophysical Survey, popularly known as Kauniwuni on Lake Malawi has established the presence of oil deposits on the lake in Nkhata Bay, Rumphi and Karonga districts."



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Firm outlines key economic threats | The Times Group

Firm outlines key economic threats | The Times Group: "Firm outlines key economic threats
Posted By: William Kumwembeon: May 11, 2017In: BusinessNo Comments
Investment management and advisory firm, Nico Asset Managers has outlined key risks still facing the Malawi economy and includes high debt levels, banking sector risks and power supply challenges."



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5 Unanswered Questions on Exploration of Oil & Gas in Malawi’s Lake & Land (PWYP Malawi Press Release, 18 Feb 2016) | Mining in Malawi

5 Unanswered Questions on Exploration of Oil & Gas in Malawi’s Lake & Land (PWYP Malawi Press Release, 18 Feb 2016) | Mining in Malawi: All of Lake Malawi and part of Malawi’s land including the Shire River Basin have been divided into six blocks for exploration of oil and gas. Between 2012 and 2014, the Government of Malawi issued six petroleum exploration licences