Market News
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Tanzania: Plans Underway to Increase Oil Importers
Posted on :Monday , 22nd August 2016
THE government is in plans to widen the scope of companies importing oil in the country in order to create business competitiveness environment that will necessitate reducing the price of oil.
The statement was made here yesterday by the Minister for Energy and Minerals, Prof Sospeter Muhongo when he visited GBP Oil Company in Tanga city.
He said cu. . .
Tanzania to Invest U.S.$30 Billion in Lindi Gas Plant
Posted on :Wednesday , 17th August 2016
The Minister for Energy and Minerals, Professor Sospeter Muhongo, revealed yesterday that the government will invest at least 30 billion USD (over 60 trillion/-) for the construction of a gas processing plant in Lindi Region.
He said the government is already embarking on the grand plan and that Lindi residents and Tanzanians in general should expect economic revolution in few ye. . .Lindi set to be Tanzania Economic Hub Thanks to Gas Plant, Minister Indicates
Posted on :Wednesday , 17th August 2016
The Lindi region is set to be Tanzania’s economic hub thanks to the planned construction of a liquefied natural gas (LNG) plant.This was recently announced by Prof. Sospeter Muhongo, Tanzania’s Minister of Energy and Minerals.He further explained that the Government of Tanzania will invest USD30b in the construction o. . .Tanzania’s $30bn gas plant set to “revolutionise” country
Posted on :Thursday , 11th August 2016
Tanzania and its oil industry partners are to invest $30bn in a gas processing plant that will lead to an “economic revolution”, according to the country’s energy minister.Sospeter Muhongo, speaking to the Dar es Salaam Daily News, said the government had already embarked on the preliminary work and that Tanzanians should expect rapid growth t. . .$30bn gas plant to boost Tanzania's economy
Posted on :Tuesday , 9th August 2016
Tanzania is planning to invest at least $30bn in the construction of a gas processing plant in Lindi Region, the country's minister for energy and minerals, Professor Sospeter Muhongo, revealed.The new plant will require approximately 200kms of gas pipes from the sea to the plant. According to the minister, upon completion of the project, the government will be. . .Please Select an Option
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