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Turkey to explore for oil off Somalia

Turkish President Tayyip Erdogan said Somalia invited his country to explore for oil in its seas, after Ankara signed a maritime agreement with Libya...

Sudan grants China more oil exploration rights

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Sudan has granted its main ally and oil buyer China more oil exploration rights as both countries seek to boost ties, Sudan's...

Oil exploration costs rocket as risks rise: analysis

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Finding oil and gas to replace the world's fast dwindling reserves is increasingly risky as rigs probe areas once seen as too...