Market News | Oil & Gas Tanzania 2024

Market News

  • Manufacturers Switch to Gas, Boost Profits.

    Posted on :Monday , 23rd October 2023

    At an estimated 57 trillion cubic feet of gas reserves both in the Indian Ocean and offshore, Tanzania holds east Africa largest gas deposits, with an annual production of 110 billion cubic feet from three fields: Songo Songo, Mnazi Bay, and Kiliwani.


    Currently the country annual natural gas production stands at 68.02 billion cubic feet as compared to 59.96 billion cubic feet. . .

  • Tanzania Plans to Start the Fifth Round of Oil and Gas Licencing By June

    Posted on :Monday , 23rd October 2023

    Tanzania is hoping to officially launch the country's 5th oil and gas authorizing round by June and grant licenses to the victors by December of that very year, the chief general of its Petroleum Upstream Regulatory Authority (PURA) said on 5th October.


    "By the end of the first quarter of 2024 in the middle of between the first and second quarter we will launch the bidding ro. . .

  • Tanzania's Future Fuel: Natural Gas' Revolutionary Potential

    Posted on :Tuesday , 22nd August 2023

    TANZANIA'S noteworthy petroleum gas abundance has turned into a distinct advantage, driving financial development and working on the existences of its residents.


    With huge stores dispersed the country over, the potential for monetary flourishing and worldwide impact is gigantic. This article takes perusers on an astonishing excursion through the revelation, use and difficulti. . .

  • Egyptian Firm To Study Dar Natural Gas Market

    Posted on :Monday , 31st July 2023

    The Egyptian company, TAQA Arabia, is set to carry out a study that would enable the Tanzania Petroleum Development Corporation (TPDC) to supply natural gas to more residents in Dar es Salaam.


    The study will therefore inform the TPDC over natural gas market in the city so as to construct the needed supply infrastructure.


    Recently, the company signed the MoU. . .

  • Cnooc Plans Offshore Oil, Gas Exploration in Tanzania

    Posted on :Wednesday , 28th June 2023

    China’s Cnooc Ltd. is planning offshore oil and gas exploration with state-owned Tanzania Petroleum Development Corp. as the East African nation seeks to boost the development of its natural resources.  


    The joint work will be conducted in deep-sea blocks 4/1B and 4/1C held by TPDC, according to Tanzanian Energy Minister January Makamba. The acreage is. . .


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