Moil - Now producing heavy crude.17 Apr 2013 08:30
Though Malagasies are likely to remember 2013 as the year of long-awaited presidential elections, it is also the year when the country started producing oil.
Madagascar Oil, an AIM-listed company, started producing heavy crude at its Tsimiroro plant in early 2013.
The company is still in the "huff and puff" stage – whereby steam is injected to channel oil towards the well – but it plans to reach full-scale production by mid-year.
Read the original article on Theafricareport.com : Madagascar joins the oil producers' club | Southern Africa
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