Browsing: PURA

• Energy multinationals Shell, Equinor, and ExxonMobil have finalised vital talks on Tanzania’s $40 billion Liquified Natural Gas investment.

• The move paves the way for final agreement on how to execute the long-delayed energy project that will significantly boost Tanzania’s revenues and create jobs.

• President Samia Suluhu Hassan’s government expects the construction of the project to start in June 2025.

Tanzania is preparing the final deal to guide harnessing her $40 billion offshore gas reserves following the conclusion of talks with energy giants Shell, Equinor, and ExxonMobil. A final agreement on the $40 billion gas investment is in the works with signing expected in the coming weeks.

“The work is done… companies (IOCs) have gone to sit with their boards, and we are now awaiting the next steps. The government expects construction to start in June 2025” Managing Director of the Petroleum Upstream Regulatory Authority (PURA), Charles Sangweni, said the project’s …

Tanzania is not a newcomer to the oil and gas economy. The sector has evolved over the past decade and become a flagship sub-sector that stands to draw billions. The journey to the current standpoint, where Tanzania and a consortium of oil and gas giants have inked preliminary agreements, was tedious but necessary.

Gas exploration has been existing for more than 50 years in Tanzania. The first natural gas discovery in Tanzania was made in 1974 on Songo Songo Island, followed by the second discovery at Mnazi Bay in 1982.

That discovery took the sector’s attention from exploration to commercialization of the two findings, promoting more investments in Tanzania’s onshore and offshore gas explorations.…

Tanzania’s race for natural gas development is strategic and on point. The nation has been paying attention to several methods of maximizing the LNG potential.

LNG in Tanzania is faced with other competitions in the region. Egypt is the next potential powerhouse next door and a much more experienced producer.

In 2012, Tanzania and three Chinese companies agreed to construct a 542 km pipeline leading from Mtwara to the nation’s commercial capital, Dar es Salaam.…

An American company Pura has announced that it has entered an agreement with an undisclosed Kenyan coffee farm to produce coffee to be laced with extracts from the cannabis plant. The company that is known for producing different products from the extracts of marijiuna plant.

CBD or Cannabidiol, is a less intoxicating product of Cannabis Sativa that treats a variety of mental issues. These include anxiety and depression. The Marijuana plant has been well researched and even more, findings are being released by the day.

Scientists have identified many sub-components of this plant but three components have remained central to scientific research. These include Cannflavins, which relieve pain and inflammation; CBD which affects anxiety and depression without giving users a ‘high’ and the much-debated tetrahydrocannabinol or THC which is much sought after for recreational purposes.

CBD and THC have been identified by scientists to be quite similar. They both have …