Market News | Oil & Gas Tanzania 2024

Market News

  • Tanzania Approves $3.5bn Oil Pipeline

    Posted on :Friday , 24th February 2023

    Tanzania’s government gave its approval on Tuesday for the construction of a $3.5 billion crude oil pipeline despite human rights and environmental concerns about the mega-project.

     

    The 1,443-kilometre (900-mile) pipeline will transport crude from vast oilfields being developed in Lake Albert in north-western Uganda to a Tanzanian port on the Indian Ocean fo. . .

  • Tanzania and Zambia Outline Plan to Revive Tazama Pipeline

    Posted on :Thursday , 15th December 2022

    Tanzania and Zambia have agreed to build up security along their common oil pipeline as they finalise plans for the facility to start transporting refined petroleum products.

     

    The Tanzania Zambia Mafuta (Tazama) pipeline transported crude petroleum products from Dar es Salaam to Zambia, where they were processed at the Indeni Refinery in Ndola, Zambia.

     

    Howev. . .

  • 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.

     

    . . .

  • 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. . .

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