Market News
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East Africa nations race to become region’s first oil exporter
Posted on :Thursday , 8th September 2016
Major oil discoveries in Uganda, Kenya, Tanzania and Mozambique have made East Africa a subject of intense interest among the global energy industry
The speed at which governments in East Africa are developing hydrocarbon reserves is a clear indication of their will to cement the region’s reputation as the new hotspot in hydrocarbon exploration and produ. . .Tanzania: Experts Hail Oil, Gas Extraction Strategies
Posted on :Wednesday , 7th September 2016
The government is so far on the right track in its strategies of drilling and extraction of gas in various areas in the Southern regions, Norwegian experts have said.
Speaking during an exclusive interview with the 'Daily News', they said so far the government through its bodies has managed to take all required measures for drilling and extraction of gas.Grab opportunities in oil, gas, companies challenged
Posted on :Saturday , 3rd September 2016
Dar es Salaam — Experts have called upon Tanzanian companies to grab opportunities available in the discovery of helium gas and construction of oil pipeline and the Liquefied Natural Gas (LNG) Plant as the projects have potentials to boost Tanzania economy.
This was revealed yesterday during the Tanzania Oil and Gas Suppliers Conference (TOGSC) that brou. . .Tanzania mulls setting up oil trading hub to serve East and Central Africa
Posted on :Thursday , 1st September 2016
The government of Tanzania is exploring the possibility of setting up an oil trading hub in Tanga, the north sea port city with a view to supplying fuel to East and Central Africa. “The most ideal place in East African region is Tanga. We have big opportunity for oil trading,” said the Minister for Industry, Trade and Investments, Mr Charles Mwijage.
DR Congo ready for talks on Lake Tanganyika oil and gas prospects
Posted on :Wednesday , 31st August 2016
Tanzania has said the government of the Democratic Republic of Congo has agreed to talks with four countries sharing the Lake Tanganyika to discuss ways of extracting natural gas and oil in the lake.
Experts have warned that the lack of demarcated boundaries between countries sharing the lake could lead to disputes.It is underst. . .Please Select an Option
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