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Madagascar: Iran interested in the oil sector of the Island

While the Malagasy authorities have officialized by a decree in mid-April and this for the next 25 years their approval for the development of extraction activities and oil marketing of the Tsimiroro site and managed by Madagascar Oil Limited, Iran wants to get closer to the Island to cooperate in the field.
The Iranian ambassador, Moniri Nik Mohammad, has discussed on April 20 on the subject with the Minister Valerian Joeli Lalaharisaina in charge of Mines and Petroleum. The diplomat highlighted a sharing of the experience of the Islamic Republic of Iran in the sector.
As a reminder, the Office of National Mines and Strategic Industries (OMNIS) has obtained the exploitation of hydrocarbon and management titles in close cooperation with Madagascar Oil Limited.
The latter now has a heavy oil stock estimated at 90,000 barrels from the oil deposit Tsimiroro. Thus, in 3 years, the company expects a commercialization of up to 5,000 to 6,000 per day. The Tsimiroro oil deposit is located in the west of Madagascar at the heart of the Morondava region.


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