Ethiopia: Malaysia’s Pexco terminates oil exploration project in Somali region
The Malaysian exploration company, Pexco Explorations (East Africa), recently terminated its oil exploration project that it has been undertaking for the past eight years in the Somali Region of Warder-Geladi and Ferfer localities. The Kuala Lumpur-based company signed a Petroleum Production Sharing Agreement with the Ministry of Mines on October 18, 2005 to prospect for…
