A Nigerian nitrogen fertiliser plant is set to receive a US$250mn loan from OPIC to boost agriculture, infrastructure, energy and financial services in the country
Residents in the Kabaale village in
The Tanzanian government is to introduce a Strategic Petroleum Reserve (SPR) plan to ensure the country has adequate stock of fuel at all times
Tanzania's deputy minister for energy and minerals, George Simbachawene, informed the National Assembly that the move would ensure a constant supply of oil in the country.
The Ministry of Energy and Minerals has also been considering a review of regulations regarding its bulk procurement system (BPS).
The deputy minister said the recent shortage of petroleum was due to inefficiency by the Petroleum Importation Co-ordinator (PIC), an entity charged with co-ordinating importation of oil through a BPS.
Simbachawene added, “At present, the government has been forced to restructure the PIC Board of Directors to address challenges that have afflicted the industry."
He also explained that joint efforts were underway between the Ministry of Energy and Ministry for Transport to bring about efficient functioning of single point mooring to improve oil discharging capacity at the port of Dar es Salaam.
The deputy minister had earlier indicated that poor discharging infrastructure at the port was among the factors that led to the shortage.
The existing facility, the Kurasini Oil Jetty, has recently been overwhelmed by increased demand for both local and transit markets.
French oil and gas company Total and South Africa-based mining and energy firm Sasol have temporarily closed down their co-owned Natref refinery for maintenance
Subsea 7 counts among its assets the Seven Borealis – a pipelay/heavylift vessel scheduled to serve Total at the Angola CLOV project