Clyde & Co has advised Dubai-headquartered Dodsal Resources in connection with the recently executed Production Sharing Agreement (PSA) between Dodsal’s wholly-owned subsidiary Dodsal Hydrocarbons and Power (Tanzania), the Tanzanian Ministry of Energy and Minerals and Tanzania Petroleum Development Corporation for exploration for oil and gas for the RUVU block in Tanzania.
Dubai based corporate partner Abhi Jalan, assisted by associates Mansi Kochar and Catherine Gill, led the Clyde & Co team advising on the transaction.
Dodsal Resources is a new thrust for the Dodsal Group in the energy sector for exploration of not only oil and gas but also mining of metals and minerals.
Rajen Kilachand, chairman and president and the owner of Dodsal Group, recently told media that Dodsal Resources is a key strategic business for his group and he expects it to equal or grow bigger than the engineering and construction business.
Clyde & Co also advised Dodsal on its entry into and structuring of operations in Tanzania and on the securing of mining concessions for prospecting minerals and metals over a 100 square kilometre area. A preliminary field survey of this area has shown traces of gold and other metals. However, a detailed exploratory study is under progress to determine the size of the reserves.
About The Dodsal Group
The Dodsal Group is a Dubai-based diversified multinational group which operates in the areas of engineering and construction, infrastructure development and management, exploration of hydrocarbons and mining of minerals and metals for the energy sector, trading activities and quick service restaurants. The Group has annual business volume revenues of over US$2 billion.
– END –
Notes to editors:
Middle East: Clyde & Co is the largest international law firm in the GCC with over 100 specialist lawyers and paralegals in offices in Dubai and Abu Dhabi in the UAE, and in Doha, Qatar.
The firm, which has been ranked as the top law firm in the UAE for the third successive year by the international legal directory ‘Legal 500’, is one of the few law firms in the region with a ‘full service’ capability and has particular strengths in aerospace, banking & finance, cross-border trade & investment, intellectual property, international arbitration, trade disputes, mergers & acquisitions, corporate & commercial law, shipping, insurance, media & telecommunications, energy, capital markets, real estate & construction, and technology.
International offices: Clyde & Co is a leading international law firm with over 1,100 employees worldwide. The firm has offices in Abu Dhabi, Caracas, Doha, Dubai, Guildford, Hong Kong, London, Los Angeles, Moscow, Nantes, New York, Paris, Piraeus, Rio De Janeiro, Shanghai and Singapore and associate offices in Belgrade and St Petersburg. The firm also has an exclusive co-operation agreement with a major law office in Iraq.
For further information about Clyde & Co in the Middle East please contact
Clinton Swan – Business Development & Marketing Manager (Middle East Region)
Clyde & Co
Tel: +971 4 312 8568
clinton.swan@clydeco.ae
For further international information about Clyde & Co please contact
Lisa Mercer – Head of Communications, London
Clyde & Co
Tel: +44 (0)20 7648 1981
lisa.mercer@clydeco.com
www.clydeco.com
