Vehicle owners will now pay more on every litre of petrol they purchase as the petroleum regulator raises prices for the products in response to a depreciating local currency and increasing global prices.   The Energy and Water Utilities Regulatory Authority (Ewura) in its monthly pricing formula released on Wednesday reveals that Motorists will have to pay Sh101.54 more per every litre of Petrol in March. Diesel users will also pay.... Read more »

Posted on : Tuesday , 7th March 2017

Nairobi — Tanzania's energy firm Lake Oil is set to acquire the petroleum retail business of Hashi Energy in Kenya.   The acquisition will add to Lake Oil's existing gas distribution business in Kenya.   "It is notified for general information that the Competition Authority of Kenya has authorised the proposed acquisition of the retail petroleum business of Hashi Energy Limited by Lake Oil Limited," the regulator.... Read more »

Posted on : Friday , 24th February 2017

Kenya has delivered crude samples from oil wells in Turkana to Asian and European refiners to assess the market before a pilot export scheme starts this June.   The government said the samples from the South Lokichar basin in northwestern Kenya were low in sulphur content, making the oil easier to refine.   "European and Asian refineries have been receptive to our oil since it has low sulphur content. I cannot disclose the.... Read more »

Posted on : Monday , 20th February 2017

The energy regulator has signalled more pain at the pump as it announced that petrol is up by Sh4.26 a litre to Sh100.27 in Nairobi in its latest review.   Diesel is also up Sh5.03 a litre to Sh89.26 while kerosene is up Sh3.75 to Sh67.19 a litre, the Energy Regulatory Authority (ERC) said Tuesday while citing a 20 per cent global increase in crude prices when the cargo was procured in December.   "In comparison with last.... Read more »

Posted on : Wednesday , 15th February 2017

Differences between Tanzania and oil companies over local content obligations contained in Petroleum Act 2015 have resurfaced with the government collecting stakeholders' views in efforts to enforce regulations.   The companies through their organisation, Oil and Gas Association of Tanzania (Ogat) last week told the Energy and Water Utilities Regulatory Authority (Ewura) that they are uncomfortable with the local content requirement in.... Read more »

Posted on : Wednesday , 8th February 2017

  On the evening of Friday 27th January 2017, members of the business community in Tanzania gathered at the Hyatt Regency Hotel to celebrate the most accomplished businesses of 2016. The event was the Tanzania Leadership Awards (TLA), which honors successful businesses that range from conglomerates with more than 500 employees, to small start-ups with a staff count of 2 to 4 employees.   Expogroup, a pioneer in the trade show.... Read more »

Posted on : Friday , 3rd February 2017

Royal Dutch Shell Plc jointly with Pavilion Energy Pte Ltd and Ophir Energy Plc have completed drilling two offshore natural gas wells in southern Tanzania.   Netherlands-based Shell, which took over the global operations of BG Group last year, jointly owns deep sea blocks 1, 3 and 4 with Pavilion of Singapore and Ophir of Britain.   The joint venture partners started drilling Kitatange-1 well in block 1 and Bunju-1 well in block 4.... Read more »

Posted on : Monday , 30th January 2017

Dar es Salaam — Making the fuel more expensive could help cut surging demand, officials believe   Tanzania is considering putting a tax on charcoal with the aim of discouraging the use of the fuel, which is a big source of energy for cooking but also a major contributor to deforestation.   Officials say they believe making charcoal more expensive would significantly reduce demand for it and cut runaway tree felling in the.... Read more »

Posted on : Tuesday , 24th January 2017

Consumers in East Africa will pay more for refined petroleum products, as global crude oil prices rise.   Ecobank Research, an arm of Ecobank Group, said crude oil prices on the international market have rebounded upwards from $50 a barrel, following a decision by members of the Organisation of Petroleum Exporting Countries (OPEC) and other producers in early December 2016, to cut output by 1.8 million barrels per day.   The.... Read more »

Posted on : Saturday , 21st January 2017

Tanzania plans to construct more compressed natural gas (CNG) stations in Dar es Salaam to provide cheaper, cleaner energy for more of its citizens.   According to the Tanzania Petroleum Development Corporation (TPDC), the project will be executed in three phases and will involve construction of 15 compressed natural gas stations in the country's commercial capital.   "This project hasn't taken off because of lack of funding..... Read more »

Posted on : Saturday , 21st January 2017

Kampala — Uganda, Tanzania and French oil company Total E&P, the lead joint venture partner on the proposed crude oil export pipeline are considering getting on board a transactionary adviser to advise them on getting a lead investor and the $3.55b (Shs12.6 trillion) required for financing the project.   A concept brief for the project issued by the ministry of Energy yesterday indicated that the parties are looking at before.... Read more »

Posted on : Friday , 13th January 2017

The Energy and Water Utilities Regulatory Authority (EWURA) has lowered cap prices for diesel and kerosene and slightly increased petrol prices for January in line with changes in prices of petroleum products in the world market.   The energy regulator announced yesterday that retail prices for diesel and kerosene have decreased by 66/- per litre or 3.68 per cent and 37/- per litre or 2.11 per cent respectively to provide huge relief to.... Read more »

Posted on : Monday , 9th January 2017