Octant Energy to Operate Tanzania’s Tanga Block
Tanzania’s Ministry of Energy has greenlit the transfer of Afren’s 74% interest in the block to Octant Energy.
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Tanzania’s Ministry of Energy has greenlit the transfer of Afren’s 74% interest in the block to Octant Energy.
The agreement between Mozambique and Tanzania will see the countries co-develop a shared natural gas reservoir.
Effective May 2024, Tanzania will ban the export of unrefined lithium under efforts to strengthen the local economy through domestic beneficiation.
DP World has signed a 30-year concession to operate and revitalize the Dar es Salaam Port in Tanzania.
Multi-million-dollar agreements with Australia and the US in the mining and processing of its critical minerals makes Tanzania one of the most influential voices at the Critical Minerals Africa 2023 summit.
The sale of the Kenya Petroleum Refineries has been finalized, paving the way for the facility to generate power using Tanzanian gas.
ATIDI has insured a $327 million loan facility issued by Deutsche Bank to the Government of Tanzania.
The OPEC Fund has committed a $60 million loan for the development of a 166km electricity transmission line in Tanzania.
Tanzania is expected to sign a host government agreement in July and adopt a new law to speed up the development of its $42 billion LNG project.
The cost of the Tanzania LNG project led by Shell and Equinor has risen to $42 billion, making it the largest energy development in southern and eastern Africa.