The Tanzania Petroleum Development Corporation has announced that it will invest in a fertilizer plant to be set Kilwa division Lindi district German investors Ferostaal Industrial Project GmbH at a cost of $1.9 billion.
TPDC says it is the government’s plan to support companies investments in the extractive sector with the plant expected to produce 3850 tonnes of fertilizer daily.
According to TPDC Director for Production, Processing, Transport and delivery of natural gas Dr. Wellington Hudson who met representatives from Kilwa, Lindi the joint venture will utilize 104 million cubic feet daily and will produce two types of fertilizer namely ammonia...
Africa Oil reports that it has completed the previously announced (November 9, 2015) farmout with Maersk oil and gas related to Kenyan Blocks 10BB, 13T and 10BA having received $427 million.
Africa Oil Corp. farm-out with Maersk Oli and Gas received approval from the Government of Kenya.
This amount represents US$344 million of reimbursed past costs incurred by Africa Oil prior to the agreed March 31, 2015 effective date of the farm-out and US$83 million representing Maersk’s share of costs incurred between the effective date and December 31, 2015, including a carry reimbursement of US$15MM of exploration expenditures.