Market News | Oil & Gas Tanzania 2017

Market News

  • Pipeline Issues Testing East Africa's Massive Oil Ambitions

    Posted on :Monday , 27th March 2017

    JOHANNESBURG: A decade after its first big oil find, East Africa’s emergence as a crude exporter has been hindered by security and cost concerns that left the region building two pipelines instead of one.

    Uganda and Kenya are developing two new basins and originally agreed to build one line to connect the landlocked discoveries to the coast. That changed last year, when Uganda c. . .

  • Tanzania: Prices of Petrol, Diesel Skyrocket, Kerosene Remains Same

    Posted on :Tuesday , 7th March 2017

    Vehicle owners will now pay more on every litre of petrol they purchase as the petroleum regulator raises prices for the products in response to a depreciating local currency and increasing global prices.

     
    The Energy and Water Utilities Regulatory Authority (Ewura) in its monthly pricing formula released on Wednesday reveals that Motorists will have to pay Sh101.54 m. . .

  • East Africa: Tanzanian Energy Firm to Take Over Kenya Oil Unit

    Posted on :Friday , 24th February 2017

    Nairobi — Tanzania's energy firm Lake Oil is set to acquire the petroleum retail business of Hashi Energy in Kenya.

     
    The acquisition will add to Lake Oil's existing gas distribution business in Kenya.
     
    "It is notified for general information that the Competition Authority of Kenya has authorised the proposed acquisition of the. . .

  • Tanzania: Oil & Gas Firms Reject Local Content Obligations

    Posted on :Wednesday , 8th February 2017

    Differences between Tanzania and oil companies over local content obligations contained in Petroleum Act 2015 have resurfaced with the government collecting stakeholders' views in efforts to enforce regulations.

     
    The companies through their organisation, Oil and Gas Association of Tanzania (Ogat) last week told the Energy and Water Utilities Regulatory Authority (Ewu. . .

  • Expogroup Wins Big at the Tanzania Leadership Awards 2016

    Posted on :Friday , 3rd February 2017

      On the evening of Friday 27th January 2017, members of the business community in Tanzania gathered at the Hyatt Regency Hotel to celebrate the most accomplished businesses of 2016. The event was the Tanzania Leadership Awards (TLA), which honors successful businesses that range from conglomerates with more than 500 employees, to small start-ups with a staff count of 2 to 4 employees. . .

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