Madagascar says to become oil producer in 3-4 years

Madagascar is expected to start producing crude oil for the first time within the next 3-4 years, the government said on Thursday.

Several blocks on land and offshore to the west and south of the huge Indian Ocean island are expected to yield 60,000 barrels a day at the start of production, Elise Razaka, director general of the Office of National Mines and Strategic Industries, told Reuters in an interview.