In its National Progress Report 2016, the Eritrean government confirmed there are commercial quantity of oil and gas reserve in the country. The statement read:
The confirmation comes just months after Tullow Oil Plc’s vice president for Africa, Tim O’Hanlon, visited Asmara to meet with several officials from the energy and mines ministry to pick up blocks in the country.
Regionally, most of Eritrea’s neighbors, including Sudan, Ethiopia, Kenya, Uganda, and Somalia, have found commercially viable oil or gas deposits and are currently at different stages of exploration or production.
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