Maldives National Oil Company seeks assistance with oil exploration
27 Feb 2014, 6:30 PM
Daniel Bosley
The Maldives National Oil Company (MNOC) has revealed that it will begin advertising the country as a destination for oil exploration as early as April, local media has reported.
MNOC Managing Director Ahmed Muneez told the press yesterday that the recent release of a seismic reports – initiated in 1991 by Royal Dutch Shell – had prompted the state-owned company to seek further foreign assistance.
“We have contacted a Norwegian company and a German company to help us better understand the findings of the study. Based on this report, we’re hopeful of advertising the Maldives as a new destination of oil exploration,” Haveeru quoted Muneez as saying.
He explained that an outside company would be hired to conduct a global advertising campaign in order to market the country as an oil source.
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