Market News | Oil & Gas Tanzania 2024

Market News

  • Tanzania LNG Plant Production to Last 40+ Years

    Posted on :Tuesday , 30th August 2016

     After completing the construction of Tanzania’s Liquefied Natural Gas (LNG) plant in Lindi, production is expected to continue for at least 40 years.

    The announcement was made by Oystein Michelse, Statoil Country Representative, during talks with Tanzania’s President John Magufuli on August 22nd 2016.

    Michelse noted that the Norwegian Government has committed t. . .

  • East Africa: Tanzania to Be EA Oil Power Centre in 10 Years - Muhongo

    Posted on :Tuesday , 30th August 2016

     Tanzania aims to become the first in oil and natural gas exploitation in East Africa in ten years, Energy and Mineral Minister Prof Sospeter Muhongo has said. Prof Muhongo said the goal would be achieved only through a rise in the number of experts in the field from the level of diploma to PHD.

     
    "Since the sector is new in the country, we intend to have at. . .

  • Tanzania upstages Mozambique on gas

    Posted on :Monday , 29th August 2016

     Tanzania, which won the geopolitics battle with Kenya, by snatching away the pipeline deal, has also upped its stake with its gas plant, trying to upstage Mozambique, which is still reeling from dampened investor confidence, following the $1 billion hidden funds scandal with IMF.

     
    The start of the gas pipeline plant will also raise confidence on the Tanzania-Ug. . .

  • East Africa: DR Congo Shows Interest As Uganda-Tanga Port Oil Pipeline Preps in Top Gear

    Posted on :Saturday , 27th August 2016

     As the Vice-President of Total East Africa, Mr Javier Rielo, assured President John Magufuli that preparations for the construction of the 1,410-kilometre oil pipeline from Lake Albert in Uganda to Tanga Port in Tanzania are in good progress, Democratic Republic of Congo (DRC) has shown interest in using the facility.

     
    Mr Rielo made the assurance in Dar es Sala. . .

  • Tanzania Mulls Construction of Oil Trading Facility in Tanga

    Posted on :Friday , 26th August 2016

     Tanzania’s Minister for Industry, Trade and Investments, Mr Charles Mwijage has disclosed plans by the government to construct an oil trading hub in Tanga to supply fuel to East and Central Africa..

     
    The Minister said that the government had started working on an idea of an oil trading hub in Tanga as the region had great potential of becoming a major oil. . .

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