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

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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