Scandoil  

EastSiberian signs cooperation agreement with Petronic in Nicaragua


Published Mar 23, 2015
EastSiberian Plc

EastSiberian Plc has signed a cooperation agreement (a letter of intent) with Empresa Nicaraguense del Petróleo, the Nicaraguan national oil company (Petronic) with the intention of finding ways to cooperate in oil and gas activities in Nicaragua.

The consortium (EastSiberian and Petronic) intends to submit a request to the Nicaraguan Ministry of Energy and Mines (MEM) for approval of the EastSiberian group of companies as a qualified exploration and exploitation contractor in Nicaragua and thereafter to submit a request to MEM for approval to start exclusive negotiations for concession contracts. This is an early phase, but a first step towards possible exploration activities in Nicaragua.

Mr. Phipps, the President of the Corporation, stated that he was 'very pleased to have achieved this important first milestone in its efforts to obtain oil concessions in Nicaragua and looks forward to working with Petronic'.

Tags: EastSiberian Plc




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml