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Africa shows energy promise; Delonex to invest $600 mn

Tweet Addis Ababa, July 3 (IANS) Delonex Energy, an exploration and production company, will invest $600 million for oil and gas exploration in Ethiopia and other central and east African countries, the Indian chief executive of the company said here. These regions were selected for investments following the recent discoveries of gas in Mozambique and Tanzania, and of other hydrocarbon findings in Uganda and Kenya. This follows the company's agreement with Warburg Pincus, a global private equity...

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