Market News
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Onshore Tanzania's Ruvuma PSA gets an operational update from Aminex
Posted on :Thursday , 22nd April 2021
ARA Petroleum Tanzania Limited (APT), which has assumed operatorship of the Ruvuma PSA, has completed the farm-out agreement with Aminex.
Aminex is borne for its share of related field production costs up to US$35 million, equating to a total development expenditure of US$140 million, under the farm-out deal.
The joint venture partners agree that obtaining a high-resolution 3D sei. . .
Lake Albert Resources Development Project Reached Final Agreement, Confirms Total
Posted on :Thursday , 22nd April 2021
Total, China National Offshore Oil Corporation (CNOOC), Uganda National Oil Company (UNOC), and Tanzania Petroleum Development Corporation (TPDC), partners in the Lake Alberta development project, have completed the final agreements needed to launch the project in East Africa.
In the presence of Yoweri Museveni, President of the Republic of Uganda, Samia Suluhu Hassan, President of the U. . .
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. . .
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