Uganda’s Energy Minister, Irene Muloni, announced the government’s plan to construct a unitary pipeline worth $3.35b to transport the country's crude oil from Hoima to Tanzania’s Tanga Port.
Solo Oil, a natural resources investment company, has negotiated the acquisition of a 10% interest in Helium One Limited for a total consideration of $3.19m.
Otto Energy Ltd announced that the Tanzanian Minister for Energy and Minerals has granted a one year extension to the initial exploration period for the Kilosa-Kilombero Licence until 22 February 2018.
Four African countries sharing the Lake Tanganyika basin are meeting in mid February in the Democratic Republic of Congo to discuss a joint exploration of oil and gas in the area.
Tanzania hopes to reach an agreement with international oil companies in 2018 paving the way for the construction of a liquefied natural gas (LNG) plant, part of a bigger plan for a new export terminal.
The Tanzania Petroleum Development Corporation (TPDC) has declared that it intends to build more compressed natural gas (CNG) stations in Dar es Salaam to provide cheaper and cleaner energy for more citizens.