Market News
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Tanzania: President Urges Fast-track of LNG Plant
Posted on :Wednesday , 24th August 2016
President John Magufuli has directed the Ministry of Energy and Minerals to fast-track the construction of a Liquefied Natural Gas (LNG) plant in Lindi Region to cost 30 billion US dollars (65 trillion/-).
"I want to see this project taking off, there have been a lot of unnecessary delays... just accomplish whatever is creating any bureaucracy so that our inves. . .Mnazi Bay Gas Production Improve in Q2 2016
Posted on :Tuesday , 23rd August 2016
East Africa-focused oil & gas company Wentworth Resources (OSE:WRL, AIM:WRL) announced improvements of gas production at Mnazi Bay in Q2 2016 by +6.25%.The Mnazi Bay achieved average gross daily gas production of 51m standard cubic feet (MMscf) per day in Q2 2016, compared to 48MMscf in Q1 2016 (+6.25%).This was indicated in . . .Tanzania's President Magufuli orders officials to speed up LNG project
Posted on :Tuesday , 23rd August 2016
Tanzanian president John Magufuli ordered officials on Monday to speed up long-delayed work on a planned liquefied natural gas (LNG) plant, saying implementation of the project had taken too long.BG Group, recently acquired by Royal Dutch Shell, alongside Statoil, Exxon Mobil and Ophir Energy, plan to build a $30 billion-onshore LNG export terminal in partnersh. . .East Africa: Minister Urges Private Sector To Participate Fully in EA Oil Pipeline for Benefit
Posted on :Tuesday , 23rd August 2016
Tanga — Minister of Energy and Minerals, Professor Sospeter Muhongo, has called on the private sector in Tanzania to take fully participation in a big multimillion East Africa Crude Oil Pipeline in order to benefit from it.
Professor Muhongo gave the remark yesterday as he visited chongoleni area in Tanga city, the site where the crude oil from Kabale, Ohima D. . .Africa: Government Eyes Major Oil Trading Hub in Tanga
Posted on :Monday , 22nd August 2016
The government is studying possibilities of constructing an oil trading hub in Tanga to supply fuel to East and Central Africa, adding to the region's blessings after it was chosen for the proposed Uganda crude oil export pipeline this year.The Minister for Industry, Trade and Investments, Mr Charles Mwijage, said this week that the government had started worki. . .Please Select an Option
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