Market News
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Tanzania: First Gas Production from Kiliwani North Gas Project Expected in April
Posted on :Friday , 18th March 2016
AMINEX plc and Solo Oil plc have told investors that first gas production from the Kiliwani North gas project, in Tanzania, is now expected in early April.
Final well integrity testing has now been completed for the Kiliwani North-1 (KN-1) production well. The state's Tanzania Petroleum Development Corporation (TPDC) had previously advised Aminex to prepare the KN-1. . .Oil Firm Puma Energy Expands Operations in Zimbabwe
Posted on :Tuesday , 15th March 2016
GLOBAL oil company Puma Energy, which has over the past few years aggresively pushed into the competitive Zimbabwean fuel market, plans to expand its operations further into sub-Saharan Africa as it seeks growth opportunities in the region.
Having entered the African market in 2002, Puma is now recognised as the fastest growing midstream and downstream oil provider . . .Kenya Maritime Authority: Maritime Policy To Boost Trade
Posted on :Monday , 14th March 2016
Kenya Maritime Authority (KMA) is implementing a maritime policy to boost investment in the sector. KMA, which regulates the maritime sector, noted that the policy would enable the agency address the recent discoveries and expected exploitation of offshore oil and gas. With the discoveries, this is expected to raise the volumes of cargo and put pressure on the development of ports and auxiliary. . .
TANZANIA-UGANDA PIPELINE WORKS TO START IN AUGUST
Posted on :Monday , 14th March 2016
Construction of the long-awaited Tanzania-Uganda crude oil pipeline is expected to start in August this year, and will be completed in 2019.
James Mataragio, Tanzania Petroleum Development Corporation (TPDC) Executive Director said last week the $4 billion project will speed up the socioeconomic development between the two East African nations.Tanzania Announce discovery of additional 2.17 Trillion Cubic Feet of Natural gas
Posted on :Friday , 11th March 2016
Tanzania has discovered an additional 2.17 trillion cubic feet (tcf) of possible natural gas deposits, raising the east African nation’s total estimated recoverable natural gas reserves to more than 57 tcf, local media reported on Thursday.
The onshore reserves were found at a field licensed to the United Arab Emirates’ Dodsal Group located at Ruvu basin in Coast reg. . .Please Select an Option
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