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March 26th, 2012, 02:41 PM
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Print Back to story BG’s Fourth Tanzania Gas Find Paves Way for Second LNG Unit By Brian Swint - Mar 26, 2012 BG Group Plc (BG/) and Ophir Energy Plc (OPHR) made a fourth gas discovery in Tanzania, increasing reserves closer to levels that will justify two liquefied natural-gas production plants. The Jodari-1 exploration well indicated gross recoverable resources in the range of 2.5 to 4.4 trillion cubic feet, the companies said in statements in London. That brings results from all four of their wells drilled in Tanzania close to 7 trillion cubic feet. The result “has materially exceeded pre-drill estimates and represents the largest discovery in Ophir’s history,” Ophir’s Chief Executive Officer Nick Cooper said. The find is “a major step closer to the second LNG train.” Ophir jumped as much as 9.5 percent in London trading and was at 438.7 pence as of 8:07 a.m. local time. BG added 1 percent to 1,507 pence. Explorers are seeking gas in east African waters to supply LNG to India and China, the world’s fastest growing major economies. Ophir, which counts the Mittal family and New York hedge fund Och-Ziff Capital Management Group LLC among its largest investors, says it’s seeking partners to drill in other licenses off Tanzania. Ophir and BG will now return the Metro-1 drillship to the Mzia-1 well, which is targeting 4.6 trillion cubic feet of gas. LNG is gas that’s chilled to a liquid for transport by ship. To contact the reporter on this story: Brian Swint in London at bswint@bloomberg.net To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net http://www.bloomberg.com/news/print/...-lng-unit.html |
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March 26th, 2012, 02:43 PM
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Tullow Makes Kenya’s First Oil Discovery in ‘Major Breakthrough’
By Eduard Gismatullin - Mar 26, 2012 2:06 PM GMT+0200 Google +1 QUEUE Q Tullow Oil Plc (TLW), the U.K. explorer that unlocked billions of barrels from Uganda to French Guiana, reported Kenya’s first discovery that’s been described as a “major breakthrough” by the country’s president. Tullow found 20 meters of oil in the Ngamia-1 exploration well with Canadian partner Africa Oil Corp. (AOI), according to a statement by the London-based company today. The well, in Block 10BB of the Turkana County, has been drilled to about a third of its target depth. “This is the first time Kenya has made such a discovery and it is very good news for our country,” President Mwai Kibaki said in a statement e-mailed by the presidency in Nairobi. “It is however the beginning of a long road to make our country an oil producer.” The results open up a new basin in East Africa as Tullow embarks upon a multi-well drilling campaign that will also encompass Ethiopia. It’s aiming for at least 300 million barrels of oil with its first two sites in an underdeveloped area from Kenya to Ethiopia, a plot almost the size of England. “This oil has similar properties to the light waxy crude discovered in Uganda,” Tullow said. “Following this discovery the outlook for further success has been significantly improved.” Tullow rose as much as 4.1 percent and traded at 1,534 pence as of 1:03 p.m. in London. Kenya has no proven oil reserves. Exxon Mobil Corp. and Chevron Corp. found gas in the Anza Basin in 1976. Tanzania to the south produces gas from two offshore deposits for domestic power generation, and neighboring South Sudan is sub-Saharan Africa’s third-biggest oil producer, after Angola and Nigeria. Tullow and Africa Oil hired China’s BGP Inc. to survey the South Omo Block in the Omo River Delta in Ethiopia, the area where Richard Leakey and a team of paleontologists discovered in 1967 the oldest remains of Homo sapiens known to science. To contact the reporter on this story: Eduard Gismatullin in London at egismatullin@bloomberg.net http://www.bloomberg.com/news/2012-0...kthrough-.html |
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March 27th, 2012, 05:42 PM
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UPDATE 1-Tanzania to offer 16 oil blocks for licensing Tue Mar 27, 2012 1:40pm GMT * Tanzania to offer 16 blocks in deep waters * A further five blocks available onshore * Tanzania building gas pipelines (Adds details, background) By George Obulutsa NAIROBI, March 27 (Reuters) - Tanzania will hold an oil exploration licensing round for 16 offshore blocks starting in September this year, a principal geologist at the state-run Tanzania Petroleum Development Corporation said on Tuesday. Meshack Kagya told an energy conference in Nairobi that details of the Tanzanian plan would be unveiled next month, with the process expected to close in 2013. He said there were an additional five onshore blocks for licensing that would not be part of the round scheduled for September. "These will be separate from the deep sea (blocks). I am not sure of the timeline," Kagya told reporters. The offshore blocks had over 34,000 km of two dimensional seismic data and over 8,000 square km of three dimensional data. The blocks are in waters with depths ranging from 1,500 metres to 3,000 metres. East Africa has been a focus for exploration since substantial deposits of crude were found in Uganda in 2006. London-listed Tullow Oil expects to start production there in late 2012. Tullow said on Monday that it had also struck 20 metres of light, waxy crude after drilling its first well in Kenya's arid north, sending its shares higher. Norwegian oil firm Statoil has said its Tanzanian gas discovery announced last month, the biggest ever made in the country, held up to 5 trillion cubic feet of gas, or about 891 million barrels of oil equivalent (boe) in proven reserves. Last September, Tanzania got a $1 billion loan from China to build a major natural gas pipeline from Mnazi Bay in the Mtwara region in the country's south to Dar es Salaam, and processing plants in Mnazi Bay. "They are securing the sites for LNG processing in Mtwara region for LNG for export and for domestic markets," Kagya said. He said that the government was in the process of setting up a second pipeline to add to an existing one joining the Songo Songo gas field to Dar es Salaam. Statoil says it has to weigh its options before it decides what type of development to invest in, but proximity to the Asian energy market makes an LNG development plausible. Africa-focused oil and gas firm Ophir Energy Plc and its partner BG Group have made significant gas finds. The pair said on Monday they had discovered more gas than estimated off the coast of Tanzania, adding an estimated 3.4 trillion cubic feet (TCF) in recoverable reserves from the Jordari-1 well in block 1, 55 percent more than initially expected. Kagya said Tanzania's natural gas estimates stood at more than 10 trillion cubic feet following recent discoveries. Tanzania already uses some of its gas to produce electricity and supplies the gas to 37 institutions and industries. (Editing by Duncan Miriri and Anthony Barker) © Thomson Reuters 2012. All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters and its logo are registered trademarks or trademarks of the Thomson Reuters group of companies around the world. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. http://af.reuters.com/articlePrint?a...8ER6QI20120327 Last edited by Geza Ulole; March 28th, 2012 at 09:57 AM. |
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March 28th, 2012, 12:04 AM
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Print Back to story PTTEP Seeks East Africa Assets to Triple Output, Chief Anon Says By Daniel Ten Kate and Supunnabul Suwannakij - Mar 27, 2012 PTT Exploration & Production Pcl (PTTEP) said its planned $1.8 billion acquisition of Cove Energy Plc (COV) will act as a platform to explore natural-gas deposits in East Africa that will help triple the Thai company’s output by 2020. “Cove is an opportunity for us to gain an entry,” Chief Executive Officer Anon Sirisaengtaksin said in an interview at his office in Bangkok. “We are not just looking for this transaction. We are more strategically looking in East Africa.” Beyond Mozambique, where Cove has a share in one of the largest gas discoveries in a decade, PTTEP is seeking larger reserves in Tanzania and Kenya, Anon said. East Africa offers a new source of gas supply for Asia, where China and India are the world’s fastest-growing major economies. Eni SpA of Italy, BG Group Plc of the U.K. and Statoil ASA of Norway also discovered natural gas off Mozambique and Tanzania. “East Africa is a resource-rich region that could significantly help increase petroleum reserves for PTTEP,” Nalinrat Kittikumpolrat, an analyst at Asia Plus Securities Pcl in Bangkok, said by phone. “Still, it will take at least seven years before the project makes a contribution.” Bangkok-based PTTEP, Thailand’s biggest publicly traded explorer, plans to boost production to 900,000 barrels of oil equivalent a day by 2020 through acquistions and the expansion of projects in Australia, East Africa, North America and Southeast Asia, Anon said. The country imports about half of the 1.8 million barrels of oil equivalent it consumes each day, according to data from the Energy Policy and Planning Office. ‘Hot Spot’ East Africa is a “hot spot” with the potential for significant natural-gas discoveries, Anon said yesterday. PTTEP shares have gained 6.5 percent this year, compared with a 7.7 percent advance in the 63-member Bloomberg World Oil & Gas Index. (BWOILP) Thailand’s benchmark SET Index is up 18 percent. The company last month offered 1.1 billion pounds ($1.8 billion) for London-based Cove, beating a 992.4 million-pound bid by Royal Dutch Shell Plc (RDSA) for the African explorer. Cove holds 8.5 percent of a block off Mozambique where Anadarko Petroleum Corp. (APC) found as much as 30 trillion cubic feet of gas, enough to justify production of liquefied natural gas for Asian markets. Mozambique’s government is assessing how much tax will be paid on the sale of Cove’s stake in the Rovuma basin, Mineral Resources Minister Esperanca Bias said on March 1. PTTEP is “now waiting for this clear resolution before we would be able to move on,” Anon said. Oil Sands PTTEP may also buy assets including tight oil -- or oil from shale formations -- in North America or stakes in LNG projects that would supply the fuel to its parent company, PTT Pcl, Anon said, without naming any acquisition targets. In November 2010, PTTEP bought 40 percent of Stavanger, Norway-based Statoil ASA’s oil sands project in Canada for $2.28 billion, the biggest acquisition by a Thai company. More purchases are likely, even if the company’s bid for Cove proves successful, Anon said. “Each time we are going to make a decision we would have at least 40 deals in the deal-flow, and we will screen and only select one or two each year,” he said. “This will ensure you will not make a mistake and ensure you have quality of the new asset acquired.” PTTEP may sell long-term hybrid bonds and is considering other capital-raising proposals to finance acquisitions, Anon said, without giving details. Debt won’t exceed 0.5 times the company’s equity, Anon said. Fiscal Flexibility “We have the liquidity to support this new investment” in Cove, Anon said. “But to move on and make ourselves more flexible, a funding plan is important. So we are working to ensure we would be ready at any time to intercept these new opportunities.” PTTEP has a debt-to-equity ratio of 0.4 times, compared with more than 1 for many of its global peers, Asia Plus’s Nalinrat said. The company has 111.2 billion baht of debt, including 79.2 billion baht of bonds and loans maturing in the next four years, according to data compiled by Bloomberg. “With its discipline in avoiding increasing its debt, PTTEP may have to increase equity,” Nalinrat said. The explorer has 41 oil and gas projects worldwide, and has said it plans to spend about $20 billion on expansion by 2016. The company’s net income rose 2.1 percent to 44.7 billion baht last year. To contact the reporters on this story: Daniel Ten Kate in Bangkok at dtenkate@bloomberg.net; Supunnabul Suwannakij in Bangkok at ssuwannakij@bloomberg.net To contact the editor responsible for this story: Tony Jordan at tjordan3@bloomberg.net http://www.bloomberg.com/news/print/...anon-says.html |
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March 31st, 2012, 12:31 PM
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#45 |
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Print Back to story Beach Energy Plans to Begin Data Acquisition on Tanzania Block By Sarah McGregor - Mar 28, 2012 Beach Energy Ltd. (BPT) plans to begin acquiring 1,800 kilometers (1,118 miles) of two-dimensional data in mid-April on its Lake Tanganyika South Block in Tanzania that it describes as an “underexplored area with high potential.” “Natural oil seeps into Lake Tanganyika as with Lake Albert, indicating a working petroleum system,” according to a presentation shown by Marcus Mng’ong’o, an official at Beach Energy’s Tanzanian unit, at the Eastern Africa Oil, Gas & Energy Week today in Kenya’s capital, Nairobi. Tullow Oil Plc is advancing together with Total SA and Cnooc Ltd. plans to develop fields in Uganda’s Lake Albert basin, where it expects to start pumping commercial volumes by 2016. To contact the reporter on this story: Sarah McGregor in Nairobi at jturana@bloomberg.net. To contact the editor responsible for this story: Paul Richardson in Nairobi at pmrichardson@bloomberg.net. http://www.bloomberg.com/news/print/...nia-block.html |
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March 31st, 2012, 12:32 PM
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#46 |
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Print Back to story Ophir Sells $240 Million of Stock to Fund Africa Oil Exploration By Eduard Gismatullin - Mar 28, 2012 Ophir Energy Plc, a U.K. explorer focused on Africa, sold about 151 million pounds ($240 million) of new shares to expand operations in Tanzania, Kenya and Gabon. The company sold 30.5 million shares at 495 pence each, it said today in a statement, representing about 8.3 percent of its ordinary stock prior to the sale. JPMorgan Cazenove Ltd., RBC Capital Markets and Oriel Securities Ltd. managed the sale. Ophir’s assets are “the largest offshore acreage holding in East Africa,” Chief Executive Officer Nick Cooper said today in a separate statement. “We will continue to actively manage this portfolio and once the resource potential of a particular asset is well understood, we will work to introduce partners.” The explorer, based in London, and BG Group Plc (BG/) yesterday announced the fourth natural-gas discovery off Tanzania. The find brings the resource estimates from all four of Ophir and BG’s wells close to 7 trillion cubic feet. To contact the reporter on this story: Eduard Gismatullin in London at egismatullin@bloomberg.net To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net http://www.bloomberg.com/news/print/...ploration.html |
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March 31st, 2012, 07:59 PM
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May 16th, 2012, 11:58 AM
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#48 |
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UPDATE 1-BG and Ophir Energy find more gas in Tanzania Wed May 16, 2012 6:55am GMT LONDON May 16 (Reuters) - British gas firm BG Group and explorer Ophir Energy said they had found more gas off the coast of Tanzania, raising hopes that the East African country will become a major new gas province. The partners said that the discovery at the Mzia well will provide a substantial boost to their total estimate of how much gas they have found in Tanzania, helping prove there is volume enough to build a liquefied natural gas (LNG) export plant. "The success at Mzia-1 is a major step towards a Tanzanian LNG hub development in Block 1," Ophir's Chief Executive Nick Cooper said in a statement on Wednesday. Industry interest in East Africa has intensified in recent years and the previously little-explored area is tipped to become a major natural gas producing region, exporting LNG to fast-growing energy-hungry countries in Asia. U.S. explorer Anadarko Petroleum Corp said on Tuesday it discovered a major new gas field off the coast of nearby Mozambique. The Mozambican fields have drawn oil major Shell to the area - it is in the process of trying to buy Britain's Cove Energy, Anadarko's partner in the country. BG and Ophir said they discovered the gas in a deeper geological zone than the previous finds that they've made in Tanzania, which added to their confidence that they'd make additional finds in the same zone on neighbouring exploration blocks. Mzia is the partnership's fifth successful exploration well off the coast of Tanzania. http://af.reuters.com/articlePrint?a...8GG1XR20120516 |
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May 17th, 2012, 05:27 PM
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#49 |
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hivi...how much gas in Trillion cubic metres does Tanzania have (proved) currently? I wanna compare it to Qatar which has 25.4 Trillion cubic metres as of Jan.2011..anyone with any Idea? Tanzan, Geza, Uhuru etc etc?
I have been searching the website and I get a definite figure..and EWURA website is not helpful at all, they just say in 5 years time its gonna be more than now, but whats the number right now? |
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May 17th, 2012, 06:41 PM
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May 17th, 2012, 09:18 PM
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..what about oil? what is the probability that it shall be discover it in tz?
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May 18th, 2012, 12:46 AM
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May 20th, 2012, 05:04 AM
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TANZANIA The land of kilimanjaro Zanzibar and The Serengeti™ |
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May 20th, 2012, 07:56 PM
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East Africa to join world gas giants Sun May 20, 2012 8:50am GMT By Tom Bergin LONDON (Reuters) - To East Africa's assets of spectacular wildlife, abundant land and shimmering beaches you can now add gas - so much gas it could transform global energy flows along with some of the world's poorest countries. Finds announced just last week off Tanzania and Mozambique are estimated to hold enough gas to supply France, Germany, Britain and Italy for at least a year - possibly much more. These and other discoveries in eastern Africa in the past year have sent shares in small explorers soaring, prompted takeover battles and rattled gas producers in other regions. They are already starting debate about how the resource wealth can bring better living standards rather than exacerbating corruption and distoring eastern Africa's relatively diverse economies just as they are taking off. East Africa has been emerging as an oil-producing region in recent years, although discoveries in Uganda and most recently Kenya have so far been smaller than in West Africa's giants. The excitement over oil has been overtaken by the largely offshore gas discoveries streching along eastern Africa's Indian Ocean coast from Kenya to Mozambique. "It's a thrill a minute. The news is coming hard and fast," said Nick Cooper, CEO of explorer Ophir Energy, whose share price has more than doubled in four months. Ophir's partner, British gas producer BG Group, announced a major discovery off Tanzania this week. U.S. explorer Anadarko Petroleum and Italian oil group Eni announced even bigger finds off Mozambique. Anadarko estimates its reserves off northern Mozambique at 50 trillion cubic feet (1.4 trillion cubic metres) - almost as much as Libya's proven gas reserves. It is planning production from 2018. Eni says its neighbouring exploration block may have 52 trillion cubic feet of gas. Across the border, BG, Ophir, Exxon Mobil and Statoil say they may have 20 trillion cubic feet. The 253 trillion cubic feet that the U.S. Geological Survey now estimates may lie off Kenya, Tanzania and Mozambique compares to 186 trillion cubic feet for Nigeria, Africa's biggest energy producer. TROPICAL FREEZERS Demand is low from eastern Africa's small, if fast-growing, economies so the vast majority of the gas would be available for freezing into liquefied natural gas (LNG) to supply an expanding global market for a fuel that burns more cleanly than coal. "We can help vault Mozambique into being one of the world's three largest LNG exporters," Anadarko Chief Executive Jim Hackett told an Eni company magazine. According to Reuters calculations, Mozambique could be vying with Algeria as the world's sixth largest exporter of gas by any means by the middle of next decade. "There could be 12 trains and still gas left over for GTL," Philip Wolfe, head of oil and gas at investment bank UBS, said. GTL, or gas-to-liquids, technology converts gas to motor fuels. Twelve trains - the term for the facilities that turn natural gas into freezing liquid - could pump 60 million tonnes a year. Japan, the world's biggest importer of the fuel, used about 78 million tonnes last year. In eastern Africa's favour are the lower costs of building the multi-billion dollar plants needed than in countries such as Australia. Eastern Africa is seen as politically stable compared to much of the Middle East and many other parts of Africa - although the Somali pirates haunting the Indian Ocean could be a worry for large shipments of explosive fuel. The small explorers are immediate beneficiaries of the boom. Cove Energy, a shareholder in Anadarko's block, has accepted a $2 billion bid from Royal Dutch Shell. Its share price has more than tripled in eight months. Ophir Energy bought Dominion Petroleum this year and is the subject of frequent takeover rumours - with Indian, Thai and Chinese state oil firms all linked to bids for regional players. At today's prices, the 30-40 million tonnes a year of LNG which Mozambique may produce would mean revenues of around $30 billion dollars - more than three times the country's current gross domestic product. While Mozambique is already one of the fastest growing countries in one of the world's fastest growing regions, average income is still little over $400 a year. Some shiny buildings stand out in the shabby, bustling port capital Maputo, where Anadarko is building a new regional headquarters, and high-end tourist resorts dot the coast. But much of Mozambique is a sprawl of villages connected by rough tracks. Cash is already flowing in. Eni said it expects to spend 3.1 billion euros in Mozambique between 2012 and 2015. Anadarko and its partners will likely spend more. WHO WINS? The question is how much this will really benefit the region. Current contracts do not have the kind of clauses demanding the use of local content set by countries such as Brazil, meaning domestic firms could be relegated to bit players. Quick construction means bringing workers and equipment from abroad. Longer term benefits may be just as uncertain. "Africans need to have this discussion early on as to how to develop the resources for our own benefit," Brian Dames, the head of South African state power company Eskom, told Reuters. "Some of these must be exported but it should not be a recolonization of Africa," said Dames, who hopes Africa's biggest economy might ease some of its power shortages with links to generating stations using the newfound gas. Eastern African governments can expect a big lift to revenues. If regional states got even half the share of Qatar - seen as particularly savvy in managing its gas income - they could together expect $10 billion a year in tax. That compares to annual budgets of around $13 billion in Kenya, $8 billion in Tanzania and just $4 billion in Mozambique. "The problem is that once a government relies on oil and gas revenues there is no incentive to develop other areas of the economy," said Markus Weimer, Africa Programme Research Fellow at Chatham House in London. That is the lesson from countries on the western side of the continent such as Nigeria and Angola, where strong governance does not exist and finding a way to grab a share of oil and gas money has become the main game in town. Resource money can entrench elites and worsen corruption. That is already a problem in eastern African countries, whose strength has often been their diversity, with tourism, mining and agricultural commodities all among sources of income. The term "Dutch Disease" was coined to describe the damaging economic impact of resource wealth following a natural gas boom in the Netherlands. Eastern Africa's countries are far less prepared for the change gas promises to bring. © Thomson Reuters 2012. All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters and its logo are registered trademarks or trademarks of the Thomson Reuters group of companies around the world. http://af.reuters.com/article/invest...120520?sp=true |
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May 22nd, 2012, 03:08 PM
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Msikilizeni Zitto kwa maelezo zaidi hapa kwenye video...
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May 22nd, 2012, 03:49 PM
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Last edited by Geza Ulole; May 22nd, 2012 at 11:25 PM. |
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May 22nd, 2012, 06:18 PM
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Olduvai Gorge
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May 22nd, 2012, 06:19 PM
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#58 |
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Olduvai Gorge
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Hope out of Relative Frustrations
Yesterday in the company of my fellow parliamentarians Hon. Nasir from Korogwe, Hon. David Kafulila from Kigoma South and Hon. Sarah Msafiri Special seats Morogoro we started our study tour to The Kingdom of Netherlands to learn more on their oil and gas sector and what best practices we can draw from them. Our first briefing of the day on the Dutch Oil and Gas sector was how licensing is done and how revenue is collected and managed. We were informed that the Dutch government receives a total of 11bn Euros as state revenue from the sector as of last year. They collect 85% of the total revenue from Oil and Gas from Groningen field (the biggest field in Europe). Out of this 45% is from taxes collected from Oil and Gas Companies (largely Shell and ExxonMobil) and 40% from taxes and dividend from the State Oil and Gas company EBN. For other fields the state receives between 40% and 65% of the total revenue. In all licences except in old ones the state has shares and participates in companies. The Dutch don’t use Production Sharing System (PSA) as is the case in Tanzania whereby companies are largely contractors. The biggest advantage of a PSA system is that the State remains the owner of the resource. However, the revenue implications of either system, Dutch or Tanzanian, are minimum and largely semantic. It is all about GOVERNANCE – Transparency and Accountability of the whole sector. We also had the pleasure of meeting the Deputy Prime Minister Mr. Maxime Verhagen. Took the opportunity to extend sincere greetings from the people of Tanzania and reiterate that our Cooperation shall be sustainable and mature – a partnership of equals, unlike the donor-recipient status quo. I reminded him about our proven natural gas reserves so far nears 19 Trillion Cubic Feet(TCF) with the recent discoveries from five wells owned by the BritishGas/Ophir partnership (11 TCF), StatOil discoveries from one well (5.3 TCF) and the remaining smaller discoveries at Songosongo, MnaziBay, Mkuranga and Nyuni in Kilwa district. I expressed to the Deputy Prime Minister about our desire to see Tanzania as a country in Africa whereby resource wealth goes hand in hand with democracy and development of the people of Tanzania. Echoing the vigor and desires of many of the up and coming young leaders in Tanzania who are committed to creating a new kind of leadership that is people centered and gives hope to the masses. That it is possible for an African country to be rich in Oil and Gas and still be properly governed and is democratic. And that it is possible to use the country’s vast resource wealth in the development of the people of Tanzania. That we don’t want to repeat mistakes of others (including Nigeria which lost billions of Petrodollars and the Dutch on ‘dutch disease’) and not repeating the same mistakes as we did in Mining sector. The Deputy Prime Minister assured us of the readiness on his government to support us in developing our Natural gas sub-sector especially through human resources development. This agenda was further discussed at the foreign ministry and it was generally agreed to establish a Scholarship Program for Tanzanians on Oil and Gas in order to increase our pool of experts in the sector. He suggested that Tanzania uses its natural gas reserves towards infrastructure development and cutting down on the national debt for the benefit of the future generation. He explained to us the desire of the Netherlands to be a “Gas Hub” of Europe through developing Ports for LNG like the one in Amsterdam. The delegation continues with the visit on Tuesday by visiting various natural gas facilities. We are determined to learn and transfer the knowledge into our new policy for Natural gas, Gas Master plan and Petroleum Revenue management legislations and strategies. I am optimistic out of existing relatively murky frustrations. Tanzania has a great FUTURE ahead. We must build the future we want. Our preparedness and building oversight institutions are fundamental for proper managing of these resources. Committed to working towards a democratic and prosperous United Republic of Tanzania that is endowed with massive gas reserves Natural Gas (United republic of Natural Gas). Source: http://zittokabwe.wordpress.com/
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May 24th, 2012, 01:20 AM
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May 24th, 2012, 10:53 AM
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 namaliza mambo yangu kwanza ng'ambo! nitaangalia nafasi kama ipo...
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