Tanzania initiated a $1.33 billion project to pipe natural gas to its commercial capital, Dar es Salaam, and help relieve chronic power shortages in the city, the president’s office aid in a statement on Sunday. The 532 km (330 mile) Mtwara-Dar es Salaam pipeline and gas processing plants, largely financed by a Chinese loan, is
Nigerian President Muhammadu Buhari to Leave Oil Minister Post Vacant as way of Clearing Corruption
Nigerian President Muhammadu Buhari, in his bid to clear corruption in the Oil sector will leave the Petroleum Ministry vacant and under his close supervision, an official said. Femi Adesina, the spokesperson of ‘Buhari administration’ said the ‘strict president’ will not nominate a candidate for the post of petroleum Minister in Africa’s biggest oil producer.
Uganda enters deal with Tanzania to Construct Crude Oil Export Pipeline
The government of Uganda has entered a memorandum of Understanding (MOU) with Tanzania to commence studies on an alternative Crude oil export Pipeline from Hoima to Tanga Port In Tanzania than the one earlier announced. This MOU undermines earlier settlements between Uganda and Kenya on 1,380-kilometre route from Oil rich Albertine graben through Lokichar basin
‘Super Majors’ warn Nigeria against plan to review Commercial Oil Contracts
By Agencies… Western oil executives have warned Nigeria against sweeping changes to commercial contracts that could lead to the government taking a bigger share of revenues from the country’s vast deepwater fields. As Africa’s leading crude producer begins a clean-up of the industry that is its economic lifeblood, the state-owned Nigerian National Petroleum Corporation has
German Organisation ‘Friedrich-Ebert Stiftung’ create database for Tanzania Oil and gas sector
KAMPALA German Organization Friedrich-Ebert Stiftung (FES) launched a database to provide regular informative updates about the Tanzania Oil and gas industry. Named Tanzania Oil and Gas Almanac, the portal will serve online and in print. It is also available both in English and Kiswahili. Speaking at the launch last week, FES Resident Director in Tanzania
Tanzania acquires 5% interest in Kiliwani Project as signing of Gas Sharing Agreement pends
KAMPALA Tanzania has acquired a 5% working interest into the mega Kiliwani North Development Licence (‘KNDL’) gas project as a fully paying partner, Uganda Oil has learnt. According to a statement by Solo oil plc, a partner with Tanzania on the project, the assignment of the interest to Tanzania Petroleum development Cooperation will be subject to
Somalia oppose United Nations’ move to freeze all oil deals
NAIROBI The government of Somalia openly opposed United Nations’ move to halt all oil deals in the country as a way of curtailing insecurity in the horn of Africa state, Finance Minister Mohamed Adan said. A new UN Monitoring Group report on Somalia, to be released in mid-October, 2015, will reiterate a recommendation first made in
Nigeria secures Us$1.2 billion to finance Oil drilling projects
The Nigerian National Petroleum Corporation (NNPC) has secured a US$1.2bn multi-year drilling financing package The money will be used for 36 oil wells under the NNPC and Chevron Nigeria joint venture, according to a statement by Ohi Alegbe, general manager of group public affairs division at NNPC. Of the 36 wells, 23 are onshore and
Global Witness questions UK Serious Fraud Office for neglecting Oil firm Case in DR Congo
Statement by Global Witness Last month it was revealed that the UK’s Serious Fraud Office (SFO) would investigate a British oil company that had been making payments to officials in a highly unstable African country. The company was paying figures connected to the local government as it attempted to secure its business interests in the
British Oil firm Solo to widen investment in Tanzania despite half-year loss
British based Solo Oil said it will continue to actively assess new investment opportunities in Africa and elsewhere despite the oil market uncertainty. The company said its pretax loss widened in the first half of 2015 and said its investments in the Kiliwani North gas field in Tanzania and the Ruvuma production sharing agreement in