N e w s

Kenya, Tanzania Signs Over $1B Gas Pipeline Agreement

Kenya and Tanzania, after years of tense relations, have inked a multibillion-dollar gas pipeline agreement.Tanzanian President Samia Suluhu visited Kenya for the first time to sign the agreement, at the invitation of Kenyan counterpart Uhuru Kenyatta. “We are friends in East Africa. Kenya leads in investments in my country Tanzania, and has invested in 513 projects worth $1.7 billion, providing employment to 51,000 Tanzanians,” Suluhu.... Read more »

Posted on : Thursday , 15th July 2021

Aminex Provides Operational Update on Ruvuma PSA, Onshore Tanzania

ARA Petroleum Tanzania Limited (APT), which has assumed operatorship of the Ruvuma PSA, has finalised the farm-out deal with Aminex.Aminex is carried for its portion of associated field development expenditures up to US$35 million, equating to a gross development expenditure of US$140 million, under the farm-out agreement.The joint venture partners believe that obtaining a high-resolution 3D seismic survey is critical to the creation of the.... Read more »

Posted on : Thursday , 15th July 2021

Kenya secures US $13m for Mombasa LPG project

Kenya has secured US $13m for the construction of the Mombasa liquefied petroleum gas (LPG) import and storage terminal project The funds was injected by the International Finance Corporation (IFC)– World Bank private financing arm. Mombasa Gas Terminal (MGT) Managing Director Eng. Julius Riungu confirmed the report and said the funding paves way for the completion of the project’s first phase “We embarked on the Mombasa Gas.... Read more »

Posted on : Thursday , 17th June 2021

Sh2.5 billion loan has been approved for the construction of a gas hub in Mombasa, Kenya.

Mombasa Gas Terminal Limited (MGT) has received a Sh2.5 billion loan from the World Bank's private lending arm to build a liquefied petroleum gas terminal in Mombasa's port.The International Finance Corporation announced the money on June 2 after the company received regulatory approval from the national and county governments to start building."The second phase will complete the storage capacity to 22,000 metric tonnes or more with annual.... Read more »

Posted on : Tuesday , 15th June 2021

Tanzania May Start Building $30 Billion LNG Project in 2023

Tanzania plans to begin the construction of a delayed $30 billion liquefied natural gas project in 2023, following the resumption of talks with companies including Equinor ASA.Construction is expected to take about five years, Energy Minister Medard Kalemani told lawmakers last week.The project gained momentum after President Samia Suluhu Hassan took office in March, and directed her administration to fast-track delayed investments. Plans.... Read more »

Posted on : Thursday , 10th June 2021

Kerui Petroleum & Gas Successfully Delivered A Drilling Rig For A Geothermal Project In Ethiopia

The second set of 1500hp geothermal drilling rigs developed and produced independently by Shandong Kerui Petroleum & Gas Equipment Co., Ltd. was successfully delivered to the Aruto Langano geothermal power station in central Ethiopia recently.It is the greatest investment in the geothermal energy industry, as well as a national project with enormous strategic significance funded by the World Bank, since it is the first 50D mating drilling.... Read more »

Posted on : Wednesday , 19th May 2021

Kenya And Tanzania Have Resurrected A $1.1 Billion Gas Export Pipeline Scheme

Kenya and Tanzania have signed a deal in Nairobi that could resurrect plans to build a new pipeline to transport gas from Dar es Salaam to Mombasa.Tanzanian President Samia Suluhu Hassan and her Kenyan counterpart Uhuru Kenyatta signed a tentative agreement covering the transport of gas from Tanzania for use in power generation and, possibly, cooking and heating, during their state visit to Kenya last week.According to local sources, the.... Read more »

Posted on : Tuesday , 18th May 2021

Onshore Tanzania's Ruvuma PSA gets an operational update from Aminex

ARA Petroleum Tanzania Limited (APT), which has assumed operatorship of the Ruvuma PSA, has completed the farm-out agreement with Aminex.Aminex is borne for its share of related field production costs up to US$35 million, equating to a total development expenditure of US$140 million, under the farm-out deal.The joint venture partners agree that obtaining a high-resolution 3D seismic survey is critical to the development of the field development.... Read more »

Posted on : Thursday , 22nd April 2021

Lake Albert Resources Development Project Reached Final Agreement, Confirms Total

Total, China National Offshore Oil Corporation (CNOOC), Uganda National Oil Company (UNOC), and Tanzania Petroleum Development Corporation (TPDC), partners in the Lake Alberta development project, have completed the final agreements needed to launch the project in East Africa.In the presence of Yoweri Museveni, President of the Republic of Uganda, Samia Suluhu Hassan, President of the United Republic of Tanzania, Patrick Pouyanné, Chairman and.... Read more »

Posted on : Thursday , 22nd April 2021

Nakuru Plans To Manufacture Vehicle Spare Parts

Within the devolved unit's Special Economic Zones and Industrial Parks, the Nakuru County Government is wooing vehicle manufacturing companies to invest in local production of spare parts.Governor Lee Kinyanjui claimed that as the national government intensifies its campaign to promote local vehicle assembly, the establishment of plants at the county level to locally produce spare parts would significantly boost Kenya's industrial sector as a.... Read more »

Posted on : Friday , 2nd April 2021

Kenya Plans to Spend $4.5 Billion in the Commercialization of Crude Oil

According to H.E. John Munyes, Cabinet Secretary for the Ministry of Petroleum and Mining, Kenya is seeking KSh500 billion ($4.55 billion) in investment to construct a pipeline, central processing and storage facilities from Lokichar to the coast, as well as upgrade refineries in Lamu and Mombasa.The emerging oil producer currently transports its crude from Turkana to the coast, preventing commercialization and, as a result, economic.... Read more »

Posted on : Friday , 2nd April 2021

Africa May Play a Central Role in India's Oil Diversification - Dharmendra Pradhan

African countries could play a key role in India's efforts to diversify its oil and gas sources, according to the country's oil minister on Wednesday, as the country seeks to reduce its dependence on the Middle East.After OPEC+ agreed earlier this month to largely maintain production cuts in April, India, the world's third largest oil importer, has asked state refiners to accelerate the diversification of oil imports in order to progressively.... Read more »

Posted on : Tuesday , 30th March 2021



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