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Madagascar to Start Distributing Crude Oil Locally and Hope to Boost Job Market

Written by Lova Rakotomalala On 13 May 2014 @ 9:11 am | 2 Comments

In Breaking News, Development, Economics & Business, English, French, Good News, Labor, Madagascar, Malagasy, Quick Reads, Science, Sub-Saharan Africa

L'Express reports that the Madagascar Oil Group will start testing distribution of 55,000 to  73,000 barrels [1][fr] of crude oil from Tsimiroro [2], Madagascar onto the local market [3]. It is part of the new government strategy to ingnite economic recovery and strive for energy independence [4] [fr]. The oil exploitation is also expected to create new jobs for local staff [5] [fr] with expertise in oil extraction.   

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URLs in this post:

[1] distribution of 55,000 to  73,000 barrels : http://www.lexpressmada.com/blog/actualites/economie/le-petrole-de-tsimiroro-commercialise-sur-le-marche-local-10433

[2] Tsimiroro: http://en.wikipedia.org/wiki/Tsimiroro

[3] the local market: http://af.reuters.com/article/commoditiesNews/idAFFWN0NS02I20140508

[4] economic recovery and strive for energy independence: http://www.lexpressmada.com/blog/actualites/economie/ressources-strategiques-joeli-lalaharisaina-dresse-ses-priorites-9574

[5] ew jobs for local staff: http://www.lexpressmada.com/blog/actualites/emploi-la-formation-des-techniciens-en-vue-9667

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