Market News | Oil & Gas Tanzania 2019

Market News

  • Triple oil production strategies in South Sudan

    Posted on :Tuesday , 2nd April 2019

    South Sudan's ambassador to Ethiopia and the African Union, James Morgan, voiced that with his country enjoying relative peace after almost five years of civil war, South Sudan has turned its sights on reviving its oil sector. 

     

    Despite the ongoing efforts to increase non-oil revenues, South Sudan depends on oil production to finance more than 90 percent of its fiscal. . .

  • African oil imports sustained by China

    Posted on :Tuesday , 26th March 2019

    Uncertainty over US waivers for investors of oil from Iran is commencing to grip the market again, under very different circumstances than when American sanctions were set to go into effect in 2018.

     

    Before existing exemptions were granted, traders in Saudi Arabia were forecasting $100 oil, and Donald Trump was looking forward to a decrease in fuel rates ahead of US midter. . .

  • French oil firm Total along with Canadian Natural Resources Ltd announced discovery of a sizable amount of gas offshore South Africa

    Posted on :Thursday , 7th March 2019

    Gas discovery in the offshore Outeniqua Basin of South Africa has opened new hope of the consolidation of new mineral wealth in the country dependent on gold and diamond minerals.


    French major Total and its partners, Qatar Petroleum, Canadian Natural Resources, and Main Street, have declared discovery of a sizable amount of gas offshore South Africa.


    Total declar. . .

  • Oman Oil Marketing Company to expand its operations in Saudi Arabia and Tanzania

    Posted on :Monday , 18th February 2019

    In 2018, OOMCO came up with its first mega station in Dammam, Saudi Arabia. The 40,000 square meter facility includes cafes, rest areas and five-star automated car washes.

    Oman Oil Marketing Company (OOMCO) has declared a plan to extend its operations in Saudi Arabia and Tanzania.

    Irish oil & gas explorer Aminex to boost up its work in Tanzania

    Posted on :Friday , 15th February 2019

    Irish oil & gas explorer Aminex has raised £1.85m (€2m) in share capital to boost up its work in Tanzania. The company provided 127,226,781 ordinary new shares at a placing price of Stg 1.45p per share.


    Funds raised by the group will be used to speed up development over its Kiliwani development in Tanzania, as it takes advantage of debilitated market conditio. . .

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