N e w s

Aminex will go deeper to maximise potential at Ruvuma in Tanzania

 “Ntorya-3 is ready to go but want to make sure, we maximise as many targets as we possibly can.”   Broker Shore Capital calculated that on a revised view of the Ruvuma project in Tanzania, which includes Ntorya, the shares are worth 6p/share against a 4p per share valuation previously.   It notes the shares have retreated from 7p since April but sees this as overdone.    Concerns over the flow rate at.... Read more »

Posted on : Tuesday , 18th July 2017

Tanzania: Dar Traders Aim High Oil & Gas Sector

 A group of daring local business operators have taken on the mantle to lead in the promotion of the local content in the oil and gas industry through promotion of job and business opportunities for nationals and local businesses in the sector.   They teamed up to form an Association of Tanzania Oil and Gas Service Providers (ATOGS) that will lobby for and promote the participation of indig enous Tanzanian individuals and bodies.... Read more »

Posted on : Tuesday , 18th July 2017

Tanzania: Gas, Oil Service Providers Need Our Collective Support

 Local content has lately become very topical for African countries that have discovered oil and gas resources in discussions on how best these countries will manage their petroleum resources in a sustainable manner for the benefits of its people.   It has become a very important issue as people are expecting their governments to enable them capture the commanding heights of the economy and thus assist to keep its wealth within its.... Read more »

Posted on : Tuesday , 18th July 2017

Tanzania: Norway Gives TZ Sh22 Billion in Grants

 The Norwegian government has pledged to give Tanzania a grant of $10.5 million (Sh22.05 billion) aimed at boosting the country's domestic revenues in the next three years.   Norway Foreign minister Borge Brende revealed this on Friday when he met with Tanzania's Finance and Planning minister, Dr Philip Mango.   He said, he was impressed by President John Magufuli's efforts towards ending corruption and raising domestic.... Read more »

Posted on : Tuesday , 18th July 2017

Tanzania: Norwegian Minister Counsels Tanzania

  Norwegian Foreign minister Borge Brende has said that it's still premature for Tanzania to celebrate its gas resource benefits despite the potentials available.   Mr Brende who ended his two-day visit in Tanzania at the weekend said completion of the liquefied natural gas (LNG) project is going to improve foreign direct investment (FDIs) to the country but he noted that this would take a lot of work and great.... Read more »

Posted on : Tuesday , 18th July 2017

Tanzania: VP Samia Suluhu to participate in Oil and Gas Congress

 Her Excellency Samia Suluhu Hassan, Vice President of the United Republic of Tanzania has formally announced her support and participation in the upcoming Tanzania Oil & Gas Congress (CWCTOG.com), organised by the CWC Group (www.TheCWCGroup.com).   The Congress will gather senior representatives from the Tanzanian oil and gas industry including Governments, international oil companies, indigenous producers, international and.... Read more »

Posted on : Tuesday , 18th July 2017

Tanzania explores LNG prospects with NGC

 Tanzania wants to develop its liquified natural gas (LNG) sector and a delegation from that country recently visited the National Gas Company (NGC) Limited for talks. The group expressed interest in promoting NGC, T&T’s service sector and academic institutions, if value could be created in Tanzania’s critical stages of development.   “Th Government Negotiating Team of Tanzania’s (GNT) visit centred around.... Read more »

Posted on : Tuesday , 18th July 2017

Norway to give Tanzania $10.5m grant as budget support

 The government of Norway will give Tanzania a grant of $10.5 million as budget support to boost the countries revenue over the next three years.Norway Foreign Minister Borge Brende announced this on Saturday in Dar es Salaam, when he met with Tanzanian Finance and Planning Minister Philip Mpango.   Norway was impressed by President John Magufuli’s drive to end corruption and increase domestic revenues, Brende