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Tanzania invites UAE to explore for oil and gas

Discussion in 'Major Projects in Tanzania' started by n00b, Jun 12, 2012.

  1. n00b

    n00b JF-Expert Member

    Jun 12, 2012
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    By Reuters | DAR ES SALAAM

    Tanzania's president has invited investors from the United Arab Emirates to join the rush for oil and gas in the east African nation, after recent gas discoveries along its coastline, the president's office said on Saturday.

    Together with oil finds in neighboring Kenya and Uganda, significant gas finds in southern Tanzania have raised the profile of the region in the global energy industry.

    "We invite investors to come work with us in oil and gas exploration ... and even in investing in industries that will add more value by producing gas-related products," a statement from President Jakaya Kikwete's office quoted him telling a delegation from the UAE.

    The delegation, which met the president on Friday, was led by the country's assistant foreign minister for economic affairs Khaled Ghanem Al-Ghaith, the statement said.

    Executives from state-controlled Abu Dhabi National Energy Co. (TAQA), investment fund Mubadala, budget carrier Flydubai and UAE telecom firm Etisalat, which is the majority shareholder in Tanzanian mobile phone operator Zantel, were also present.

    Tanzania has licensed at least 18 international companies to carry out exploration of offshore and onshore energy reserves.

    British gas producer BG Group and explorer Ophir Energy said in May they had found gas off the coast. Norwegian oil and gas firm Statoil also announced in February it had found natural gas offshore.

    Brazil's state-controlled oil company Petrobras, Artumas Group Inc (AGI), France's Maurel & Prom, Royal Dutch Shell and Aminex also hold exploration licenses.

    The government signed a $1 billion loan agreement with China in September to build a 532-km (320-mile) gas pipeline from the south of the country to its commercial capital Dar es Salaam.

    The World Bank expects gas revenues to generate $2-$3 billion a year for the aid-dependent nation over the coming years.
  2. H

    Hute JF-Expert Member

    Jun 12, 2012
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    Mungu ibariki Tanzania.
  3. n

    ndughuri msuya Member

    Aug 30, 2012
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    let us be careful on mikataba na hawa jamaa ni wajanja sanaa,
  4. k

    kelvin robert Member

    Jun 23, 2013
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    Hivi wadau ni lazima uwekezaji wowote ndani ya nchi ufanywe na wageni
  5. Tokyo40

    Tokyo40 JF-Expert Member

    Jul 23, 2013
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    Sidhani kama serikali itakukatalia Kama kampuni yako ya Kitanzania itaomba tenda hizi . Kama una wataalam na billioni dola kadhaa za kugharamia biashara, jiingize katika tenda. Good luck!
  6. Mlaleo

    Mlaleo JF-Expert Member

    Aug 21, 2013
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    Kwanini Serikali isi invest yenyewe? hawa wanaitwa ni wezi watupu.... huyo mtu asiyesameheka na Watanzania Ndugu Mkapa aliyeiharibu nchi na kusema Serikali haifanyi biashara hana machungu na hii Nchi... Bunge la 2015 libadilishwe na ashitakiwe....