- China Railway Construction sanctioned by AfDB in Tanzania airport scandal
- Acumen’s Hardest-to-Reach initiative powers d.light with $5M funding
- The hard reality: Africans say droughts, crop failures are worsening
- Why African Banks Need Military-Grade Cybersecurity Measures
- Nigerian fintech Raenest readies to headline 2025 Africa Tech Summit Nairobi
- Zimbabwe’s organic agriculture movement: Enhancing food security with sustainable practices
- Namibia Elections 2024: A Turning Point for SWAPO Amid Rising Discontent
- Zimbabwe Plans a Bold Comeback Into Global Finance at Debt Confrerence
Oil&Gas
- Tanzania has offered the Uganda National Oil Company (Unoc) to use the Dar es Salaam port for oil importation.
- This presents a strategic alternative amid the ongoing importation stalemate between Uganda and Kenya.
- The legal dispute between Uganda and Kenya over oil importation policies is pending before the East African Court of Justice (EACJ), with indications that Uganda may withdraw the case.
Tanzania has stepped forward with an enticing proposition that Kampala finds hard to ignore, especially regarding the ongoing deadlock in Nairobi-Kampala oil imports.
Tanzania has extended an offer to the Uganda National Oil Company (Unoc) to utilise the Dar es Salaam port for its fuel importation needs. This development comes as Uganda explores alternatives in response to Kenya’s steadfast position on Kampala’s oil importation demands.
Uganda’s grievance at the East African Court of Justice (EACJ) remains pending amid these unfolding events, casting a shadow of uncertainty over …
- The Uganda National Oil Company (UNOC) is directly importing petroleum products from Vitol Bahrain, aiming to reduce reliance on Kenyan firms and mitigate high fuel prices.
- UNOC’s direct importation and sale of fuel to OMCs in Tanzania and Uganda is a significant step towards fostering stronger regional ties, promoting economic growth, and ensuring energy security.
Uganda National Oil Company (UNOC) has started the sale of petroleum products to oil marketing companies in both Uganda and Tanzania.
This is part of a broader strategy to test the waters before UNOC embarks on a direct importation agreement with the global oil titan, Vitol Bahrain. This maneuver signals a new era in East Africa’s energy dynamics, especially following a cooling of relations between Uganda and Kenya over fuel supply mechanisms.
Breaking New Ground: Uganda National Oil Company Direct Importation Deal
For years, Uganda’s fuel supply chain was heavily dependent on Kenyan OMCs. However, …
- Taifa Gas broke ground at the Dondo Kundu Special Economic Zone next to the Port of Mombasa last Friday
- The firm supplies LPG for domestic, commercial and industrial use and has been feeding the Kenyan market by road.
- The company has been given 30 acres in Dongo Kundu to set up a 30,000 metric tonnes gas handling facility.
The entry of Taifa Gas into Kenya is expected to shake up the cooking gas retail market in East Africa’s economic power house, which has witnessed rising prices in recent years.
Taifa Gas broke ground at the Dongo Kundu Special Economic Zone next to the Port of Mombasa last Friday, at an event presided over by Kenya’s President William Ruto.
The company is investing about USD130 million (Ksh16.4 billion) in a Liquefied Petroleum Gas (LPG) import, storage and distribution plant, at the 3,000-acre Special Economic Zone. Taifa has been supplying LPG for …
Uganda oil firms which abandoned oil infrastructure projects following tax payment disagreements with the Uganda Revenue Authority, now say they are keen to resume operations.
The companies have caved in to pressure and proposed fresh dialogue to resolve the current standoff with the government, after a month of suspending all technical activities in Uganda’s budding oil and gas sector.
British multinational Tullow, French oil major Total and China National Offshore Oil Company (CNOOC), the joint venture partners in Uganda’s oil development, are expected to present their new position which will form a basis to start fresh negotiations.
“The idea is that we need to have continued communication with the authorities to understand each other. We respect the frustrations of government and we believe they can imagine our situation. We have spent a lot of money already, $3.2 billion jointly with our partners,” said Total E & P general manager …
Across East Africa, Tanzania is strategically positioning itself as the next Sub-Saharan powerhouse, with the potential to draw billions, revitalize its economy and strive to industrialize Tanzania.
The third Tanzania Oil and Gas Congress, went a step further to explore crucial aspects within the extractives industry, such as sectorial collaboration for successful oil and gas projects, updates on Tanzania’s projects and global market overviews and short-term demand and supply in Tanzania.
The congress brought forth strategic players from top-notch oil and gas industry spheres, who have been leveling the playing field for the past two days.
It goes without saying: Tanzania oil and gas landscape, is yet to see vital potential investments and operational improvement on domestic consumption and exportation of natural gas as well as oil exploration.
In that context, Tanzania stands to draw potential investors and elongate standing development strategies, not only via the extractive industry but mirroring …
The 3rd Oil and Gas Congress took off on 2nd October, in commercial city Dar es Salaam, drawing in vital players from the Energy arena. The 3rd congress, saw a huge number of investors and technocrats leave with key and crucial messages and new prospects in the industry, including possible missions to embark on oil-discoveries and more gas reserves in Tanzania.
International delegates from top-notch companies in the world: Total, Shell, Equinor, Dodsal and representatives from neighboring countries working with Tanzania, in strategic oil and gas projects, Kenya, Zambia and Uganda, witnessed how Tanzania, is positioning its self to be the next powerhouse in Africa.
During the congress, Tanzania’s Minister of Energy, Hon. Dr. Medard Kalemeni, revealed rather vital information, that could transform the oil and gas landscape in Tanzania.
“Tanzania has not discovered oil yet, but it is developing strategies to embark on discovering oil” the Minister added.…
Over the past decade, Tanzania’s oil and gas industry has demonstrated astonishing milestones in energy generation and consumption, demonstrating that an industrialized Tanzania might be a feasible ambition for East Africa’s fastest-growing economy.
Since Tanzania discovered natural gas in 1974, remarkable developments have been achieved. These include saving over $ 10 billion USD, used in purchasing heavy fuel oil (HFO) and other fossil fuels (diesel and petrol in particular) for industrial production and power generation.
According to the Ministry of Energy, until May 2019, the Tanzania Petroleum Development Corporation (TPDC) had collected over $ 210 million USD (from gas sales and exploration), exceeding the intended target of over $ 171 million for the fiscal year 2018/ 2019.
Currently the energy arena in Tanzania seems to be working positively. The upcoming Oil and Gas Congress (commencing on 2nd and 3rd of October), anticipates profitable sectorial merits, necessary to expanding …
Tanzania plans to streamline its oil and gas industry to the world, via a robust and tailor-made, two-day congress, commencing on 2nd and 3rd of October 2019.
For a third time, Tanzania will host the Oil and Gas Congress and attract delegates from over 67 nations across the globe, including sector’s crucial players: Oman, UAE, Canada, Brazil, UK, Norway, and India.
Organized by Ocean Business Partners and CWC, via a partnership with other essential government parastatals and private sector in Tanzania, the 3rd Oil and Gas Congress stands to be an event not to be missed.
Tanzania—has been ascending in the extractives sector’s ladder quite steadily over the past decade, levitating commercial aspects in natural gas production and enhancing national content take-up across the country by building capacity with local suppliers, technocrats and consumers.
In that context, the anticipated and eye-catching congress is yet another concrete and calculated …
Uganda President Museveni has told off petroleum multinationals pushing for tax waivers as a pre-condition to further develop the country’s oil fields.
This is deepening a standoff that might affect the building of a critical export pipeline in the country.
According to the highly placed diplomatic sources, President Museveni is understood to have lashed out at petroleum companies accusing them of not appreciating the many adjustments the government has already made in order to facilitate the development of the Hoima oil fields which are estimated to have 1.7 billion barrels of crude oil.
The president listed 17 promises the government has delivered on emphasizing on four major ones which include an international airport still under construction, numerous concessions on taxes and tariffs, road network known as the oil roads and a number of legislations to facilitate the exploitation of the oil.
Also Read: Inside Kenya, Uganda’s crude oil
There have …