Market News
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Museveni Heads to Tanzania for Oil Pipeline Discussion
Posted on :Thursday , 9th December 2021
President Yoweri Museveni of Uganda is scheduled to visit Tanzania this weekend for an oil and gas conference and bilateral discussions with Tanzanian counterpart Samia Suluhu Hassan.
According to aides, President Museveni will deliver a keynote speech at a private-sector-organized conference on the 1,445-kilometer East African Crude Oil Pipeline (EACOP) project's potential.
Presi. . .
Tanzania Is Attempting To Expedite Clearance of a $30 Billion LNG Project as Crucial Talks Begin
Posted on :Thursday , 11th November 2021
Tanzania, Shell, and Equinor have began discussions on a major host government agreement (HGA) for a $30 billion liquefied natural gas project.
Hundreds of billions of barrels of oil will be transported from Uganda to Tanzania's Tanga port.
Under the late President John Magufuli's government, the Tanzania LNG project floundered.
Since becoming president, Samia Hassan has ma. . .
Ghana is an Appealing Upstream Option For East Africa’s Hegemony
Posted on :Friday , 22nd October 2021
For the past two decades, Africa has been seen as the new frontier of oil and gas exploration, with many of the world's largest oil and gas firms vying to buy properties in an as-yet untapped store of natural resources critical to our way of life.
While the East African powerhouse of Kenya, Uganda, Rwanda, Burundi and Tanzania have since seen massive development in their oil and gas infr. . .
East Africa's Energy Future Shines Bright - Investors Are Keeping a Close Watch
Posted on :Monday , 6th September 2021
The eyes of international oil and gas investors are becoming increasingly fixed on Africa as an area of development, and on the East Africa region in particular – with good reason.
“It’s no secret that the East African oil and gas sector has recently benefited from substantial FDI,†says Paul Sinclair, Vice Presi. . .
Kenya, Tanzania Signs Over $1B Gas Pipeline Agreement
Posted on :Thursday , 15th July 2021
Kenya and Tanzania, after years of tense relations, have inked a multibillion-dollar gas pipeline agreement.
Tanzanian President Samia Suluhu visited Kenya for the first time to sign the agreement, at the invitation of Kenyan counterpart Uhuru Kenyatta.
“We are friends in East Africa. Kenya leads in investments in my country Tanzania, and has invested in 5. . .
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