Dodsal signs deal for Tanzanian oil and gas development

Oct 30, 2007 01:00 AM

Dodsal Hydrocarbons and Power (Tanzania) has signed a production sharing agreement with Ministry of Energy and Minerals and Tanzania Petroleum Development for exploration of oil and gas for the RUVU block.
The RUVU block is approximately 15,300 sq km towards the eastern part of Tanzania.

Indian-owned Dodsal Resources is a new thrust for Dodsal Group in the energy sector for exploration of not only oil and gas but also mining of metals and minerals. The group which moved its headquarters from Mumbai in the year 2003 to Dubai is a global multinational with a range of activities in the engineering, procurement and construction (EPC) in the energy sector, a developer of infrastructure projects, an exploration and mining company for hydrocarbons and minerals and metals, trading and distribution and quick service restaurants.
Dodsal Resources has also secured a mining concession in Tanzania of over a 100 sq km area. A preliminary field survey of this area shows traces of gold and multi-metals.However a detailed exploratory study is under progress to determine the size of the reserves.

Dodsal Resources is also under active negotiations for several other oil and gas and mining concessions in various countries of Africa.
Rajen Kilachand, Chairman and president and the owner of Dodsal Group said that Dodsal Resources is a key strategic business for his group and he expects the size and potential of this business to equal or grow bigger than the existing engineering and construction business which is approximately $ 2 bn at present.

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