February 17, 2016

 

Tanzania's oil importers are seeking 209,019 tonnes of oil products for delivery in April, a tender document showed on Tuesday.

 

The Petroleum Importation Coordinator, which coordinates bulk procurement of oil products on behalf of oil marketing companies in Tanzania, is seeking 73,685 tonnes of gasoline, 121,998 tonnes of 50 ppm sulphur gasoil, 12,236 tonnes of jet fuel and 1,100 tonnes of kerosene.

 

The cargoes are to be delivered into Kurasini Oil Jetty in Dar es Salaam, Tanga port and the country's single point mooring system in Dar es Salaam.

The tender closes on Feb. 25.

 

 

Details of tender:

 

Date Product Volume (tonnes) Port

April 2-4 Gasoline 33,000...

February 16, 2016

 

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...

February 12, 2016

Civil society organisations including Global Rights Alert, Transparency International & ActionAid Uganda have launched an online petition calling on government to ensure transparency in managing oil revenue by joining the Extractive Industries Transparency Initiative (EITI). In the meantime, a columnist argues that secrecy in oil deals could undermine locals' ability to benefit from oil revenue.

 

 

February 12, 2016

Following the earlier announced cut in exploration costs by Tullow oil the explorer has said it will focus on seismic surveying, processing and interpretation, high-grading and progressing leads to drill worthy prospects as oil prices continue to remain at an all-time low.

Tullow Oil which has set just $100 million for exploration adds it will also continue seeking low cost and highly prospective acreage in core areas to ensure that the business maintains its industry-leading exploration portfolio.

 

“Exploration will continue to be a key part of Tullow’s long-term growth strategy, however, given sustained low oil prices, capex will be around $0.1 billion...

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