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Tanzania gets invite for oil talks
MWANZA, Tanzania:Tanzania's gas discovery and oil exploration is placing the country as one of the key players in global industry.
The February 2-3, 2015 General Electric (GE) Oil and Gas meeting to be held in Florence, Italy, would see the Tanzanian President Jakaya Kikwete giving a keynote address.
According to the Minister for Energy and Minerals, Prof Sospeter Muhongo, the decision to select President Kikwete to give a keynote address in a meeting to be attended by more than 1,000 delegates is a pride to the country.
This, Prof Muhongo said, "is an appreciation that Tanzania is an incoming major player in oil and gas economy."
"Participation of Tanzania in GE General Meeting and assigning it a key role is a testimony that we have built trust and respect internationally," said Prof Muhongo.
Mid last October, 2014 Prof Muhongo was in Italy and one of the area in the new envisaged economic partnership between Tanzania and Italy will see Italy reviving Tiper Refinery in Dar es Salaam and expand the oil storage.
Prof Muhongo attended the Ministerial Conference, "Italy-Africa, Working Together for a Sustainable Energy Future", from 13-14 October, 2014.
The GE meeting is an opportunity for delegates to join more than 1,000 industry leaders worldwide to share their vision of the macro trends impacting the oil and gas sector and the future of GE's evolving technology-intensive industry.
Entitled, "Fueling the Future, Bringing Energy to the World," the February, 2015 event will look into a broad range of industry perspectives– oil and gas companies, policymakers and analysts in addition to executives from GE Oil & Gas.
The agenda will also offer time for more in-depth discussions and displays of oil and gas technology.
Tanzania is a growing market with on-going exciting discoveries, including 19 exploration blocks and a $10-20 billion investment projected for exploration and production in the coming decade.
Over the past two years, exploration activities in Tanzania's deep offshore waters have led to the discovery of 45 trillion cubic feet (tcf) of natural gas.
More discoveries are likely to come as drilling campaigns continue to unfold. As of now at least 19 oil and gas exploring companies are working in Tanzania.
It is estimated that the recoverable reserves will more than double to 100 tcf by the year 2015.
Source: busiweek
MWANZA, Tanzania:Tanzania's gas discovery and oil exploration is placing the country as one of the key players in global industry.
The February 2-3, 2015 General Electric (GE) Oil and Gas meeting to be held in Florence, Italy, would see the Tanzanian President Jakaya Kikwete giving a keynote address.
According to the Minister for Energy and Minerals, Prof Sospeter Muhongo, the decision to select President Kikwete to give a keynote address in a meeting to be attended by more than 1,000 delegates is a pride to the country.
This, Prof Muhongo said, "is an appreciation that Tanzania is an incoming major player in oil and gas economy."
"Participation of Tanzania in GE General Meeting and assigning it a key role is a testimony that we have built trust and respect internationally," said Prof Muhongo.
Mid last October, 2014 Prof Muhongo was in Italy and one of the area in the new envisaged economic partnership between Tanzania and Italy will see Italy reviving Tiper Refinery in Dar es Salaam and expand the oil storage.
Prof Muhongo attended the Ministerial Conference, "Italy-Africa, Working Together for a Sustainable Energy Future", from 13-14 October, 2014.
The GE meeting is an opportunity for delegates to join more than 1,000 industry leaders worldwide to share their vision of the macro trends impacting the oil and gas sector and the future of GE's evolving technology-intensive industry.
Entitled, "Fueling the Future, Bringing Energy to the World," the February, 2015 event will look into a broad range of industry perspectives– oil and gas companies, policymakers and analysts in addition to executives from GE Oil & Gas.
The agenda will also offer time for more in-depth discussions and displays of oil and gas technology.
Tanzania is a growing market with on-going exciting discoveries, including 19 exploration blocks and a $10-20 billion investment projected for exploration and production in the coming decade.
Over the past two years, exploration activities in Tanzania's deep offshore waters have led to the discovery of 45 trillion cubic feet (tcf) of natural gas.
More discoveries are likely to come as drilling campaigns continue to unfold. As of now at least 19 oil and gas exploring companies are working in Tanzania.
It is estimated that the recoverable reserves will more than double to 100 tcf by the year 2015.
Source: busiweek
