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Oil & Gas

The Tanzanian government is to introduce a Strategic Petroleum Reserve (SPR) plan to ensure the country has adequate stock of fuel at all times

Tanzanias 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.

The companies have informed that they have stocked enough products to meet the market demands. (Image source: Dirigentens/Flickr)

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

The Seven Borealis will serve Total at the Angola CLOV project. (Image source: Subsea Seven)

Subsea 7 counts among its assets the Seven Borealis – a pipelay/heavylift vessel scheduled to serve Total at the Angola CLOV project

Eton Group is offering US$1.7bn as funds for the project, while Qua Petroleum Refinery is putting in US$1.4bn for the project. (Image source: IntelFreePress/Flickr)

Eton Group and Qua Petroleum Refinery Ltd will invest around US$1.7bn for the construction of a greenfield refinery in the Akwa Ibom State of Nigeria

Fracking involves pumping of pressurised water, chemicals and sand underground to release gas trapped in rocks. (Image source: mrpbps/Flickr)

South Africa has lifted restrictions on shale gas exploration in the Karoo region using fracking

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  1. West Africa Gas Pipeline glitch to affect power supply
  2. South Sudan to pay US$3 million compensation to Sudan
  3. African Engen Petroleum initiates planogram solutions
  4. South Africa warns oil firms to increase black ownership
  5. Aker Solutions to expand footprint in MENA region
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