Canada’s Vanoil Energy has announced that it is pulling out of Rwanda after failing to convert its technical evaluation agreement (TEA) into a production-sharing contract. The TEA expired in June without an agreement being reached, and Vanoil referred the issue to a conciliation committee in line with the TEA. Vanoil said the issues had been “amicably resolved”. The TEA covered 1,600km2 of the East Kivu Graben in south-west Rwanda, including part of Lake Kivu.
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