Market News
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Tanzania: Presidents to Lay Oil Pipeline Foundation Stone
Posted on :Monday , 13th June 2016
Tanga — President John Magufuli and his Ugandan counterpart Yoweri Museveni are scheduled to lay a foundation stone for the construction of the Uganda oil pipeline, officials have said.
At a briefing with Tanga regional leaders Thursday, Tanzania Petroleum Development Corporation (TPDC) director general James Mataragio said they are yet to determine the exact . . .East Africa: Total Mulls Acquisition of GAPCO
Posted on :Wednesday , 8th June 2016
Dar es Salaam — A leading retailer of petroleum products in Africa, Total is expanding on the continent with the acquisition of Gulf Africa Petroleum Corporation's (GAPCO) assets in Kenya Uganda and Tanzania. The transaction is subject to the authorities' approval in the three countries.
A communiqué issued by the company of which this paper has a copy . . .Nigeria: Shell Increases Gas Production in Eastern Niger Delta
Posted on :Wednesday , 30th March 2016
Shell Petroleum Development Company of Nigeria Limited (SPDC) Joint Venture has announced that more gas is being produced from Agbada field in the Eastern Niger Delta in support of federal government's aspiration of increasing domestic gas production for manufacturing and power generation.
This development is coming at a time Nigeria's power supply has dropped signi. . .Tanzania: Japan Commits to TCP with TRA on Oil, Gas Taxation Capacity
Posted on :Friday , 25th March 2016
JAPAN has expressed its commitment to a new technical cooperation project with Tanzania Revenue Authority (TRA) in enhancing training programmes on minerals, oil and gas taxation.
The new pledge came after the completion of the four-year project dubbed 'Project for Enhancement of Taxation Training in Tanzania, which reached its climax yesterday.Nigeria: Six Percent Rise in Oil Prices As Producers Agree to Cooperate
Posted on :Monday , 21st March 2016
Oil prices jumped by almost six per cent on Thursday thus erasing losses of the past two days, after major producers firmed up plans to meet in Qatar to discuss an output freeze.
United States crude settled up $2.12, or 5.8 per cent, at $38.46 a barrel, after falling by five per cent in the past two sessions.Brent crude finished up $1. . .Please Select an Option
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