Market News
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Tanzania, Equinor, Shell to Sign Key $40 Billion LNG-Project Accords Next Month
Posted on :Tuesday , 15th November 2022
Tanzania will sign key agreements with oil majors including Equinor ASA and Shell Plc next month to pave the way for a planned $40 billion liquefied natural gas export project, according to the nation’s Energy Minister January Makamba.
“It’s happening,†January Makamba said in an interview in Sharm el-Shei. . .
Tanzania: Tanoil, Oman OQ to Partner in Petroleum Products Retail Business
Posted on :Tuesday , 20th September 2022
PLANS are underway for Tanzania Petroleum Development Corporation (TPDC)'s subsidiary TANOIL to partner with an Omani conglomerate in oil and gas, Oman OQ to engage in retail business of petroleum products.
This was revealed during a meeting between the Minister for Energy, Mr January Makamba, and the Ambassador of Oman in Tanzania, Mr Saud Hilal Al Shidhani.
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ONGC Videsh, Indian Oil Weigh Stake in USD3 Billion Kenya Project
Posted on :Thursday , 25th August 2022
ONGC Videsh and Indian Oil Corp. are in talks to amass a stake in Tullow Oil Plc's $3.4 billion venture in Kenya, in accordance with folks with data of the matter.
The transaction's worth could also be between USD 2 billion and USD 3 billion, the folks stated, asking to not be recognized as a result of the talks are personal. The Indian state-backed firms will probably be joi. . .
Oil and Gas in Africa: Tanzania Takes Lead as It Hosts Energy Congress
Posted on :Wednesday , 17th August 2022
When it comes to oil and gas in Africa, there is plenty of potential to produce enough energy on the continent.
Africa accounted for approximately 8%of the global oil output in year 2020. Similarly, at least 330 million metric tonnes of oil will be produced in Africa in 2020 (Statista). Global oil and gas players such as ExxonMobil, Shell, Equinor, and BP are pushing the cont. . .
Tanzania's Taifa Gas to Set Up Plant in Kenya
Posted on :Friday , 15th July 2022
Tanzania’s biggest gas dealer Taifa Gas has been licensed to set up gas plant and storage facilities at a site in Dongo Kundu near the port of Mombasa to supply LPG for domestic, commercial and industrial use.
The company, owned by Tanzanian business magnate Rostam Aziz, is expected to bring healthy competition in the gas industry in Kenya given its lower p. . .
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