Investors see upside in the Horn’s difficult frontiers

Issue 846 - 30 Jan 2009 | 2 minute read

Eritrea, a county with more than eight decades of exploration history but not much recent success, in late 2008 assigned two offshore blocks to a local/Chinese joint venture called Defba Oil Share Company, set up through a partnership of the Asmara government and Bahrain-registered Energy Alliance Company WLL.

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