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.
Uganda and Tanzania have awarded a contract for designing a crude oil pipeline running through both east African countries to US based firm Gulf Interstate Engineering.