Tanzania

Tanzania sees $3.5bn Uganda gas pipeline kicking off in 2021

September 27, 2018 | Construction & Installation, Pipelines, Tanzania, Uganda

Dar Es Salaam, Tanzania | –  The Tanzania Petroleum Development Corporation is confident a natural-gas pipeline to Uganda will start in 2021, according to acting Managing Director of the corporation,  Kapuulya Musomba. At least 29 companies have shown interest in conducting a feasibility study and constructing the pipeline that will pump gas to western Uganda to power iron and steel factories, Musomba said in an interview in Tanzania’s commercial hub, Dar es Salaam. He didn’t provide any names. “We expect the feasibility study to be …

Ugandan, Tanzanian Presidents launch start of work on 1,445km Hoima-Tanga oil pipeline

November 10, 2017 | Construction & Installation, Pipelines, Tanzania, Uganda

Mutukula, Uganda | –  President Museveni and his Tanzanian counterpart John Magufuli on Thursday laid the second foundation stone at one of the proposed corridors for the proposed East African Crude Oil Pipeline (EACOP), a gesture for political will, and to charm international lenders expected to pool 70 per cent of the project capital expenditure. The 1,445-kilometre pipeline, planned to run from Hoima District in mid-western Uganda to Tanzania’s southern Tanga Port on the Indian Ocean coast, was earlier projected to cost at least $3.55b …

Tanzania signs oil exploration deal with Uganda

October 13, 2017 | Contracts, Exploration / Discoveries, Tanzania, Uganda, Upstream

London, UK | – Tanzania has entered into an agreement with Uganda to help in the search for oil in the Eyasi Wembere Basin and Lake Tanganyika. The two countries already have a crude pipeline deal. This puts to doubt Tanzania’s previous agreement with Democratic Republic of Congo signed a year ago to work on a joint oil exploration in Lake Tanganyika. DR Congo has discovered oil in Lake Albert on its border with Uganda and it hopes to find oil in Lake Tanganyika. Experts …

Uganda, Tanzania award pipeline design contract to US firm

January 13, 2017 | Pipelines, Tanzania, Uganda

London, UK | – Uganda and Tanzania have awarded a contract for designing a crude oil pipeline running through both east African countries to U.S. based firm Gulf Interstate Engineering, an official document seen by Reuters on Wednesday showed. Early last year, Uganda agreed with Tanzania to jointly develop a $3.55 billion pipeline to help ship Uganda’s crude to international markets. The 1,445 km pipeline will start in landlocked Uganda’s western region, where crude reserves were discovered in 2006, and terminate at Tanzania’s Indian Ocean …

Tanzania, Uganda agree to speed up oil pipeline project

November 12, 2016 | Pipelines, Tanzania, Uganda

Dar es Salaam, Tanzania | – Tanzania has agreed with Uganda to accelerate implementation of a crude oil pipeline project between the two east African nations and award the construction contract to multiple contractors. The decision was reached during talks between Tanzanian President John Magufuli and his Ugandan counterpart, Yoweri Museveni, in Kampala on Thursday, Magufuli’s office said in a statement on Thursday. Uganda said in April it would build a pipeline for its oil through Tanzania rather than Kenya, which had wanted to secure …

Swala Oil Tanzania seeks $120m to fund oil exploration in East Africa

October 19, 2016 | Budget & Investment, East Africa, Tanzania

London, UK | – Swala Oil & Gas (Tanzania) has engaged Exotix Partners to raise $120 million in corporate bonds for funding expansion in East Africa. The Dar es Salaam Stock Exchange-listed firm recently acquired oil exploration interests in Burundi from Surestream Petroleum Ltd of Britain and intends to venture into other parts of Africa. Surestream through a subsidiary, Surestream Petroleum (Burundi), owns block D around Lake Tanganyika; along Burundi’s western border with the Democratic Republic of Congo. Surestream will acquire a 6.25 per cent …

Tanzania, DR Congo sign MoU over lake Tanganyika oil exploration

October 05, 2016 | Congo, Exploration / Discoveries, Tanzania

Dar es Salaam, Tanzania |  — The governments of the United Republic of Tanzania and the Democratic Republic of Congo (DRC) Tuesday sign a Memorandum of Understanding (MoU) to pave the way for joint oil and gas exploration in and along Lake Tanganyika. The MoU was signed by DRC Petroleum and Gas minister Ngoy Mukena and Tanzania’s Energy and Minerals minister Prof Sospeter Muhongo at the Tanzanian State House. President John Magufuli and his DRC counterpart Joseph Kabila were present to witness the event. “We …

Tanzania, Uganda agree to speed up oil pipeline project

May 15, 2016 | Pipelines, Tanzania, Uganda

Dar Es Salaam, Tanzania | –  Tanzania has agreed with Uganda to accelerate implementation of a crude oil pipeline project between the two east African nations and award the construction contract to multiple contractors. The decision was reached during talks between Tanzanian President John Magufuli and his Ugandan counterpart, Yoweri Museveni, in Kampala on Thursday, Magufuli’s office said in a statement on Thursday. Uganda said in April it would build a pipeline for its oil through Tanzania rather than Kenya, which had wanted to secure …