Tanzania Disburses $80m for EA Oil Deal Shareholding

Posted on :Thursday , 24th February 2022

Tanzania has already disbursed some $80 million (about Sh184 billion) as a part of its commitment in financing the East African Crude Oil Pipeline (EACOP), The Citizen has learnt.

The director general of the Tanzania Petroleum Development Corporation (TPDC), Mr James Mataragio, said the parastatal oil company would have to pay a total of $308 million (about Sh708.4 billion) i. . .

Tanzania LNG Project Talks Drag On

Posted on :Thursday , 17th February 2022

Tanzania is moving cautiously in its lucrative natural gas deals with no end in sight of the Host Government Agreement (HGA) negotiations, which resumed recently but are set to take longer than expected.

Fresh discussions on the HGA over the multibillion-dollar project are being held in Arusha, northern Tanzania, after the negotiating teams finalised preliminary talks in Nove. . .

Museveni Heads to Tanzania for Oil Pipeline Discussion

Posted on :Thursday , 9th December 2021

President Yoweri Museveni of Uganda is scheduled to visit Tanzania this weekend for an oil and gas conference and bilateral discussions with Tanzanian counterpart Samia Suluhu Hassan.

According to aides, President Museveni will deliver a keynote speech at a private-sector-organized conference on the 1,445-kilometer East African Crude Oil Pipeline (EACOP) project's potential.

Presi. . .

Tanzania Is Attempting To Expedite Clearance of a $30 Billion LNG Project as Crucial Talks Begin

Posted on :Thursday , 11th November 2021

Tanzania, Shell, and Equinor have began discussions on a major host government agreement (HGA) for a $30 billion liquefied natural gas project.

Hundreds of billions of barrels of oil will be transported from Uganda to Tanzania's Tanga port.

Under the late President John Magufuli's government, the Tanzania LNG project floundered.

Since becoming president, Samia Hassan has ma. . .

Ghana is an Appealing Upstream Option For East Africa’s Hegemony

Posted on :Friday , 22nd October 2021

For the past two decades, Africa has been seen as the new frontier of oil and gas exploration, with many of the world's largest oil and gas firms vying to buy properties in an as-yet untapped store of natural resources critical to our way of life.

While the East African powerhouse of Kenya, Uganda, Rwanda, Burundi and Tanzania have since seen massive development in their oil and gas infr. . .