Browsing: Tanzania energy congress

Tanzania Oil and Gas ATOGS

The second issue the MoU covers is building capacity on health and safety standards, which is another key disqualifier marked on local companies when competing with global actors in the oil and gas market.

Further, the MoU brings onboard knowledge to help the local technocrats, upcoming companies, and experts submit and succeed at various tenders offered on the international markets. In most cases, local companies have lost tender bids to experienced foreign companies.

“We need the local players to understand deeply about these oil and gas related tenders and deliver within the internationally recognized standards”, He added.

The ATOGS chief didn’t hold back his grand ambition to transform Tanzania’s business operations for the greater good, highlighting Nigeria’s success story.

Earlies this month, the government of Tanzania demonstrated how serious the nation is with a big deal sealed in the nation’s capital, Dodoma, on Saturday (11 June).

The Government of Tanzania and its partners, including global industry giants Equinor, Shell and ExxonMobil, have set the bar so high with a historic Host Government Agreement (HGA), which will realize ambitious gas and Liquified Natural Gas (LNG) mega project.

The $30 billion natural gas project aims to produce 10 million tons per annum of LNG for export with transformational potential for industrialization by bringing investment, technology, skills and infrastructure to the country, which will benefit Tanzanian businesses and its citizens.

The two sides expressed their satisfaction with the role played by the Oman Investment Authority (OIA) through existing projects in Tanzania and the part of the Ministry of Heritage and Tourism through the restoration of historical and archaeological sites in Zanzibar and the advanced stages that these works have reached.

Sayyid Badr forecasts trade exchange between the two countries will increase, especially after Oman and Tanzania signed several memoranda of understanding today, in addition to existing agreements between Oman Investment Authority (OIA) and the concerned Tanzanian authority.

He added that the two countries would later sign MoUs in various economic, investment, energy and tourism fields with a work programme set for those agreements (Oman News Agency).