Market News
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Tanzania: Plug Loopholes or Lose Revenue from Gas Discoveries - CAG
Posted on :Thursday , 27th April 2017
Dar es Salaam — The Controller and Auditor General (CAG) has cautioned the government that the country is facing several risks of losing substantial revenue from the huge discoveries of natural gas unless measures are taken to plug loopholes.
According to a recent report by CAG Mussa Assad, the natural gas bonanza cannot build a strong economy to lift many Tan. . .Nigeria reclaims position as Africa’s top oil producer
Posted on :Saturday , 22nd April 2017
Nigeria may have reclaimed its position as Africa’s top oil producer beating Angola. Angola had led the African oil producing countries with its 1.7 million barrels of crude oil a day, well above Nigeria’s 1.5 million barrels per day, in September 2016, for seven straight months.
According to the December 2016 Monthly oil Market report (MOMR) of the OPEC, crude oil pr. . .Tanzania: EWURA Announces Drop in Petrol Prices
Posted on :Thursday , 6th April 2017
MOTORISTS in Tanzania will pay 3/- less for a litre of petrol effective today while pump prices for diesel and kerosene have increased by 12/- and 7/-, respectively, for the same quantity, according to monthly indicative prices announced by the industry regulator, yesterday.
The Energy and Water Utilities Regulatory Authority (EWURA) attributed the changes to variat. . .Pipeline Issues Testing East Africa's Massive Oil Ambitions
Posted on :Monday , 27th March 2017
JOHANNESBURG: A decade after its first big oil find, East Africa’s emergence as a crude exporter has been hindered by security and cost concerns that left the region building two pipelines instead of one.
Uganda and Kenya are developing two new basins and originally agreed to build one line to connect the landlocked discoveries to the coast. That changed last year, when Uganda c. . .Tanzania: Prices of Petrol, Diesel Skyrocket, Kerosene Remains Same
Posted on :Tuesday , 7th March 2017
Vehicle owners will now pay more on every litre of petrol they purchase as the petroleum regulator raises prices for the products in response to a depreciating local currency and increasing global prices.
The Energy and Water Utilities Regulatory Authority (Ewura) in its monthly pricing formula released on Wednesday reveals that Motorists will have to pay Sh101.54 m. . .Please Select an Option
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