AIRLINK 74.60 Decreased By ▼ -0.65 (-0.86%)
BOP 5.14 Increased By ▲ 0.03 (0.59%)
CNERGY 4.50 Decreased By ▼ -0.10 (-2.17%)
DFML 33.00 Increased By ▲ 0.47 (1.44%)
DGKC 88.90 Decreased By ▼ -1.45 (-1.6%)
FCCL 22.55 Decreased By ▼ -0.43 (-1.87%)
FFBL 32.70 Decreased By ▼ -0.87 (-2.59%)
FFL 9.84 Decreased By ▼ -0.20 (-1.99%)
GGL 10.88 Decreased By ▼ -0.17 (-1.54%)
HBL 115.31 Increased By ▲ 0.41 (0.36%)
HUBC 136.63 Decreased By ▼ -0.71 (-0.52%)
HUMNL 9.97 Increased By ▲ 0.44 (4.62%)
KEL 4.63 Decreased By ▼ -0.03 (-0.64%)
KOSM 4.70 No Change ▼ 0.00 (0%)
MLCF 39.70 Decreased By ▼ -0.84 (-2.07%)
OGDC 138.96 Decreased By ▼ -0.79 (-0.57%)
PAEL 26.89 Decreased By ▼ -0.76 (-2.75%)
PIAA 25.15 Increased By ▲ 0.75 (3.07%)
PIBTL 6.84 Decreased By ▼ -0.08 (-1.16%)
PPL 122.74 Decreased By ▼ -2.56 (-2.04%)
PRL 27.01 Decreased By ▼ -0.54 (-1.96%)
PTC 14.00 Decreased By ▼ -0.15 (-1.06%)
SEARL 59.47 Decreased By ▼ -2.38 (-3.85%)
SNGP 71.15 Decreased By ▼ -1.83 (-2.51%)
SSGC 10.44 Decreased By ▼ -0.15 (-1.42%)
TELE 8.65 Decreased By ▼ -0.13 (-1.48%)
TPLP 11.51 Decreased By ▼ -0.22 (-1.88%)
TRG 65.13 Decreased By ▼ -1.47 (-2.21%)
UNITY 25.80 Increased By ▲ 0.65 (2.58%)
WTL 1.41 Decreased By ▼ -0.03 (-2.08%)
BR100 7,819 Increased By 16.2 (0.21%)
BR30 25,577 Decreased By -238.9 (-0.93%)
KSE100 74,664 Increased By 132.8 (0.18%)
KSE30 24,072 Increased By 117.1 (0.49%)

imageDAR ES SALAAM: Tanzania said on Saturday that neighbouring Malawi had returned to talks aimed at resolving a border dispute over Lake Malawi that has soured relations and delayed exploration for oil and gas.

East Africa has become hot property for the oil industry since huge gas finds off the shores of Tanzania and Mozambique and oil strikes in Uganda and Kenya. Rich hydrocarbon deposits are believed to lie below Lake Malawi.

Malawi, which sits to the west of Africa's third-largest lake, claims the entire northern half of the lake while Tanzania, to the east, says it owns half of the northern area. The southern half is shared between Malawi and Mozambique.

Malawi angered Tanzania in 2011 when it awarded exploration licenses to UK-based Surestream Petroleum to search for oil in the disputed northern area.

Malawi pulled out of talks in October after it accused its neighbour of intimidating Malawi fishermen, an accusation denied by the Tanzanian government.

The talks are being mediated by Mozambique's former president Joachim Chissano.

Tanzania's Foreign Minister Bernard Membe confirmed to parliament that Malawi had returned to the negotiations.

"If the mediators advise us to move forward to the ICJ (International Court of Justice) for a permanent solution, Tanzania will not hesitate to do that," Membe said. "We have all kinds of evidence to ensure that we win this case."

Comments

Comments are closed.