how the extraction of oil is done in malawi

                                               
                                               
                                               
                                               
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  • Are there oil and gas deposits around Lake Malawi?
  • Oil and gas deposits around Lake Malawi are currently under exploration. During more than 30 years of dictatorship from 1961 to 1994, former President Hastings Banda promoted farming as the path to development and prosperity. He opposed the extraction of minerals, even denying their existence.
  • How many extraction sites are there in Lake Malawi?
  • More than 10 existing and potential future extraction sites are located on the shores and tributaries of Lake Malawi, a fragile ecosystem and a key source of livelihood for over 1.5 million Malawians.
  • Is there uranium in Lake Malawi?
  • A uranium mine is already operating on the western shores of Lake Malawi and just last October, the Malawi government granted British firm Surestream Petroleum two licenses to explore for oil and gas in the lake, which is said to have unconfirmed oil deposits. Get the Journal in your inbox. Sign up for our biweekly newsletter.
  • What resources are being exploited in Malawi?
  • Only phosphate, coal, limestone, uranium, iron ore, rock aggregate, and precious stones have been exploited. Several rare earth and niobium projects are planned, with anticipated start dates in the next 2 years. Gas and oil exploration in Lake Malawi is underway. The government plans to use onshore clean technology to preserve the lake’s ecosystem.