Artumas Group

Last updated
Artumas Group Inc.
Public (OSE: AGI)
Industry Petroleum
Headquarters Canada
Area served
Tanzania
Mozambique
Website www.artumas.com

Artumas Group is a petroleum company that operates in the Rovuma Delta Basin in Tanzania and Mozambique. The company is currently involved in regional natural gas export and local gas commercialization initiatives within Tanzania, and hydrocarbon exploration operations in Mozambique. Artumas is based in Canada and listed on the Oslo Stock Exchange.

Petroleum industry activities linked to handling oil and gas products

The petroleum industry, also known as the oil industry or the oil patch, includes the global processes of exploration, extraction, refining, transporting, and marketing of petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum (oil) is also the raw material for many chemical products, including pharmaceuticals, solvents, fertilizers, pesticides, synthetic fragrances, and plastics. The extreme monetary value of oil and its products has led to it being known as "black gold". The industry is usually divided into three major components: upstream, midstream, and downstream.

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Tanzania, officially the United Republic of Tanzania, is a country in eastern Africa within the African Great Lakes region. It borders Uganda to the north; Kenya to the northeast; Comoro Islands at the Indian Ocean to the east; Mozambique and Malawi to the south; Zambia to the southwest; and Rwanda, Burundi, and the Democratic Republic of the Congo to the west. Mount Kilimanjaro, Africa's highest mountain, is in north-eastern Tanzania.

Mozambique country in Africa

Mozambique, officially the Republic of Mozambique, is a country located in Southeast Africa bordered by the Indian Ocean to the east, Tanzania to the north, Malawi and Zambia to the northwest, Zimbabwe to the west, and Eswatini (Swaziland) and South Africa to the southwest. The sovereign state is separated from the Comoros, Mayotte and Madagascar by the Mozambique Channel to the east. The capital of Mozambique is Maputo while Matola is the largest city, being a suburb of Maputo.

In September 2010, Artumas Group unanimously voted to change the name of the company to “Wentworth Resources Limited”. It currently trades on the Oslo Stock Exchange as “WRL".

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References

  1. "Canada: Artumas Group Changes its Name to Wentworth Resources Limited". OffShoreEnergyToday.com. Retrieved 17 February 2012.