M a r k e t N e w s

Tanzania mulls setting up oil trading hub to serve East and Central Africa

Posted on : Thursday , 1st September 2016

 The government of Tanzania is exploring the possibility of setting up an oil trading hub in Tanga, the north sea port city with a view to supplying fuel to East and Central Africa. “The most ideal place in East African region is Tanga. We have big opportunity for oil trading,” said the Minister for Industry, Trade and Investments, Mr Charles Mwijage.

 
The government, the minister said, had already started working on the idea of an oil trading hub in Tanga as the region had great potential of becoming a major oil trading hub in East Africa due to its strategic geographical positioning with deep sea port, ample area for construction of big storage tanks and railway connection.
 
Mr. Mwijage added that the construction of an oil trading hub would enable establishment of government bonded stock or floating stocks as strategic reserves which may influence price movement in favour of the country.
 
According to him, the construction of an oil trading hub in Tanga would help to cut on freight charges for oil transportation from the source market as large crude carriers could anchor and filter oil products into other tankers in ship to ship (STS) transfer or to transfer storage tanks.
 
 
“We can create conducive environment for ship to ship (STS) transfer. The region has 25 metres draft deep. There is enough area for construction of tanks for white products of up to 100,000 tonnes … Tanga has no congestion of tanks and it has railway network,” he said.
 
The proposed facility would lower prices for oil products and hence attract market in the East and Central African region in DR Congo, Burundi and Rwanda as well as other neighbouring countries, he said.

Source : africabusinesscommunities.com
Featured Companies
  • GULF WELL SOLUTIONS
  • SKYTRADE GLOBAL ENTERPRISES LTD
  • /
  • MAVI DENIZ CEVRE HIZ A.S
  • Your Banner HERE!

Complete List  

Advertisers in previous issue:

  • We have been at the forefront of plate heat exchanger technology.
  • Unipro was born to transmit and give it’s experience in trading high quality safety equipments ensuring high quality products under international standards required in the Oil and Gas, Mining, Construction, automotive, Steel and Chemical industries.
  • Aygaz is the only fully integrated LPG company in Turkey, operating in all LPG processes, including production, procurement, storage and filling
  • ISISAN is a core member of a group who employs, approx 2000 people and active in pipe manufacturing, furniture, machine made carpets, flour mill and animal feed production.
  • South African incinerator and cremator designer and manufacturer making significant inroads into overseas markets.
  • Mini plants of toilet paper rolls production
  • Kenya Engineer is a Journal of the Institution of the Engineers of Kenya
  • BMC China Exhibition Co., Ltd is the wholly-owned subsidiary of German Enerxy AG Group
  • VEGA Grieshaber KG is a world-leading supplier of level, switching and pressure instrumentation.
  • BITZER ranks among the leading manufacturers of refrigerant compressors.
  • Manufacturing and marketing "aira" brand Valve Automation Products
  • Specialty and Custom Chemicals Exhibition
  • Manufacturer of heavy duty machinery
  • Producing numerous types of welding consumables and welding machines for both the domestic and international market
  • Manufacturers & Exporters of hand tools, garden tools & leatheer tool pouches.
  • VALSER Oil & Gas Limited was created to service the oil & gas, petrochemical, refining and power industries in East Africa
  • Magazine for Africa
  • A world class Rotary Gear Pumps for effective pumping and trasfer of all viscous & semi-viscous liquid like oils, chemicals, food products and more..
  • Lavorwash is a world-leader in manufacturing high pressure cleaners and vacuum cleaners for household and professional use.
  • TITAN Containers is one of the largest privately owned companies supplying containers for a multitude of applications.
  • Portwest is a global vertical company with over 100 years of experience in the design, manufacture and supply of protective clothing, safety footwear, specialist gloves and PPE to resellers and distributors at the most competitive prices.
  • Manufacturer refrigerated-type air dryer, desiccant air dryer and compressed air in-line filter.
  • Narrowtex is a fully integrated company with processes such as warping, weaving, knitting, dyeing, finishing, make-up and packaging
  • K & S Financial Group is the link between the end buyer and a reputable Russian refinery.
  • The Western Group has been in business for over two decades and was set up primarily to service the Oil & Gas Industry Sectors.

Home | About Afrotrade | Advertise With Us | Trade Events | Contact Us | Link to us | Terms |  Follow us on : Facebook
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2026 Afrotrade