Officials from the governments of Tanzania and the Democratic Republic of Congo (DRC) are in negotiations aiming developing a mutual agreement and collaboration to explore for oil and gas in lake Tanganyika.
The DRC oil minister, Mr Aime Mgoi Mukena Lusaduese, is already in Tanga to hold talks with Tanzanian senior government officials from the responsible ministry in order to reach a mutual agreement on the matter. He also invited business people from Tanzania to go to his country to invest in the oil sector, because there is still room for such investment taking into account that his country has very few business people in the sector.
Briefing journalists, Tanzanian Energy and Minerals minister Prof Sospeter Muhongo said the visit is meant to facilitate talks that will enable the two countries to explore for oil and gas in Lake Tanganyika.
DRC is also looking to use Tanga port through the East African Community Crude Oil Pipeline to reach the world market with it’s oil. Prof Muhongo said that initially, DRC would export about 30,000 barrels of oil per day, thus including the 200,000 crude oil barrels from Uganda, then the Tanga port would be busy by receiving 230,000 barrels per day.