Norwegian giant Statoil says has acquired 12% stake in Block six of Tanzania’s Mafia basin offshore

Norwegian energy producer, Statoil, has acquired 12 percent working interest in Block 6 licence offshore Tanzania from operator Petrobras Tanzania Ltd. According to the information published in the Norway Post, the company has acquired block 6, which covers 5,549 square kilometers in the Mafia basin offshore. It was established that the transaction is subject to

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AfDB Boss Says Oil Pipeline Projects in Uganda and Kenya Present Golden Opportunities to Investors

Oil pipelines planned in Kenya and Uganda to ferry crude from fields to port present opportunities for private financiers keen to gain a foothold in East Africa’s energy industry, the African Development Bank says. “Nobody has ever, ever lost money financing pipelines,” Gabriel Negatu, the Abidjan-based lender’s regional director for East Africa, told Bloomberg in

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Tanzania Private Sector Organize meet to Review Opportunities Available in Uganda Oil Pipeline Project

Tanzania businessmen are set to deliberate on the opportunities Uganda crude oil pipeline presents to the country as a way of strengthening local participation in the oil and gas industry. The workshop, organised by Tanzania Private Sector Foundation (TPSF) and Petro Fiorentini, expects to unveil opportunities available before, during and after pipeline construction. The organizers

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