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(From Business Times (Malaysia))
NATIONAL oil corporation Petroliam Nasional Bhd (Petronas) plans to invest about US$1.9 billion (RM6.97 billion) to develop the Calub and Hilala gasfields in Ogaden basin, Ethiopia.
Petronas won the gasfield development tender, according to an online newsreport posted on a website.
However, a Petronas spokesman, when contacted, said there has yet to be any firm decision by the Ethiopian Government to award a contract to Petronas to develop the Calub and Hilala gasfields.
According to the report, officials from the Ethiopian Ministry of Mines and Energy and Petronas met in Addis Ababa last week to deliberate …