Kenya and Uganda’s presidents and oil company executives will meet today Monday 21, 2016 for discussions on a route for a pipeline to transport the two countries’ oil, the Kenyan president’s confirmed. Resolving the pipeline route is crucial to helping oil companies involved in Uganda and Kenya to make final investment decisions on developing oil
Pan Africa Energy Tanzania draws $20 Million from International Finance Corporation to finance gas Field
Orca Exploration Group announced that its subsidiary, Pan African Energy Tanzania Limited (PAET) has made an initial draw-down of US$20 million from the available US$60 million International Finance Corporation (IFC) loan facility which was signed on 29 October 2015 PAET intends to make additional drawdowns of the Loan which will be subject to meeting all
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