HE discovery of commercial oil and gas in Kenya, Somalia, Tanzania and Uganda has re-assessed the petroleum prospectivity of East Africa.
State-owned Tanzania Petroleum Development Corporation (TPDC) has acquired a 20% additional stake in the Mnazi Bay natural gas project. In a deal worth $23.6 million, the acquisition brings the TPDC’s total share in the project to 40%.
Tanzania’s Zanzibar President Hussein Ali Mwinyi on Saturday announced plans to construct a premier port for handling bulk oil and gas cargo.
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 Tanzanian government has signed a Memorandum of Understanding (MoU) with United Arab Emirates (UAE) National Oil Company (ENOC) for the construction of petroleum receiving and storage infrastructures.