Market News
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Africa May Play a Central Role in India's Oil Diversification - Dharmendra Pradhan
Posted on :Tuesday , 30th March 2021
African countries could play a key role in India's efforts to diversify its oil and gas sources, according to the country's oil minister on Wednesday, as the country seeks to reduce its dependence on the Middle East.
After OPEC+ agreed earlier this month to largely maintain production cuts in April, India, the world's third largest oil importer, has asked state refiners to accelerate the. . .
Dar Port Extends the Types of Cargo it can Handle
Posted on :Monday , 22nd March 2021
The port of Dar es Salaam has declared that the categories of cargo cleared would be extended to include fertilizer, industrial and domestic sugar, edible or cooking oil, wheat oil products, coal, liquefied petroleum gas, chemicals, and any liquid-related products.
Tanzania Shipping Agencies Corporation informed stakeholders that the organization would begin implementing its mandate of c. . .
Tanzania and Oman Sign Pact on Ports Master Plan Development
Posted on :Wednesday , 24th February 2021
On Thursday, Tanzania's Zanzibar and the Oman Investment Authority signed a Memorandum of Understanding aimed at implementing a master port development plan along the Indian Ocean coast.
In a statement issued by the Zanzibar State House, President Hussein Mwinyi of Tanzania and a high-ranking delegation from the government of Oman announced the signing of the agreement.
The contra. . .
Sub-Saharan Africa Could Green-Light 74 Mil Mt/Year LNG Capacity By 2030
Posted on :Thursday , 18th February 2021
Sub-Saharan Africa could approve an additional 74 million mt/year of LNG export capacity by 2030 if market conditions permit, the African Coalition for Trade and Investment in Natural Gas said in a report published on February 9.
In addition to a total of 60 million mt/year of export capacity the region is expected to have by 2025, ACTING—launched on 3 February by the . . .
Tanzania to Resume Oil & Gas Negotiations in 2021
Posted on :Monday , 11th January 2021
The Tanzania Petroleum Development Corporation (TPDC) is optimistic that the Host Government Agreement (HGA) negotiations between the government and International Oil and Gas Companies on the liquefied natural gas will resume in January 2021.
This is after they stalled for about a year after the decision of the Government to review the Production Sharing Agreements (PSAs). According to r. . .
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