Market News | Oil & Gas Tanzania 2018

Market News

  • MAGUFULI WANTS 'FIRST OIL' BEFORE 2020

    Posted on :Tuesday , 5th December 2017

     John Magufuli wants investors, the governments of Uganda and Tanzania to accelerate the construction of the East African Crude Oil Pipeline (EACOP). Magufuli wants the pipeline to be constructed in the shortest time possible instead of waiting until 2020.

     
    After completion of key infrastructures like the pipeline and the refinery, Uganda expects to start oil pr. . .

  • GAS CONSUMPTION TO RISE BY 30PC IN 2017

    Posted on :Tuesday , 5th December 2017

    Utilization of dry gas in Tanzania is set to increase to 1.7 billion cubic meters from 1.3 billion cubic meters last year.

     
    London-based Business Monitor International (BMI) Research, which provides macroeconomic, industry and financial market analysis in 24 industries and 200 global markets, says Tanzania has per capita gas consumption of 15.9 cubic meters while the. . .

  • Tanzania Reach Gas Deal With Dangote

    Posted on :Thursday , 23rd November 2017

     Dangote cement and Tanzania have come to an agreement on the supply of natural gas to the firm’s manufacturing plant in Tanzania after negotiations stalled over prices.

     
    The 500 million dollars cement factory which is located in Mtwara was set up last year with an annual capacity of three million tonnes, runs on expensive diesel-generators and has sought . . .

  • Tanzania-Ntorya Project Tipped to Prosper

    Posted on :Friday , 29th September 2017

     The recently appraised Ntorya Project is all set to take the next step in its development and is being set up for construction.

     
    Solo possesses a 25% stake in the project, which is being operated by Aminex. Minority partner AIM is said to be looking for a new form of financing, with a new partner or divestment remaining viable options. 
     <. . .

  • Aminex will go deeper to maximise potential at Ruvuma in Tanzania

    Posted on :Tuesday , 18th July 2017

     “Ntorya-3 is ready to go but want to make sure, we maximise as many targets as we possibly can.”

     
    Broker Shore Capital calculated that on a revised view of the Ruvuma project in Tanzania, which includes Ntorya, the shares are worth 6p/share against a 4p per share valuation previously.
     
    It notes the shares have retreated. . .

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