Tanzanian House Starts Three Day Mining Debate in National Interest

The ongoing Parliamentary sessions are set to be extended till next Wednesday to give Members of Parliament more time to work on three bills as requested by President John Magufuli.

Parliament Speaker Mr Job Ndugai informed MPs yesterday after question-time that the president had officially written to Parliament asking MPs to debate and endorse three bills under a Certificate of Urgency – prompting the House to extend its sessions to July 5, this year.

The bills in question include the Written Laws (Miscellaneous Amendments) Act, 2017; the Natural Wealth and Contracts (Review and Renegotiation of Unconscionable terms) Act, 2017; and the Natural Wealth and Resources (Permanent Sovereignty) Act 2017.

According to Mr Ndugai, the Parliamentary Steering Committee met

29th July 2017 - IMF Hails Tanzanias Macroeconomic Performance

The country’s macroeconomic performance remains robust while the medium-term outlook stays favourable, International Monetary Fund (IMF) said yesterday.

The Breton Wood institution said in the Policy Support Instrument (PSI) six months outlook to this month that the performance under the instrument “has been satisfactory” despite some challenges. Thus in completing the review, the IMF approved the country’s request for a six-month extension of the current PSI arrangement to next January.

29th June 2017 - Gas infrastructure is set to commence in 2018 50,410 new customers will be supplied

Tanzania Petroleum Development Corporation (TPDC) has finally completed a feasibility study for the construction of natural gas supply infrastructure in Dar es Salaam, Lindi and Mtwara regions.

The construction of the said infrastructure is set to commence in 2018 and will be completed in the 2020/2021 fiscal year. Deputy Minister for Water and Irrigation, Mr Isack Kamwelwe, told Parliament yesterday that upon completion of the project, at least 50,410 customers will be supplied with natural gas through modern infrastructure.

28th June 2017 - Tanzania: More Households to Be Connected to Tpdc's Natural Gas for Domestic Use

Dodoma — Tanzania Petroleum Development Corporation (TPDC) will - next month - start rolling out a project of connecting upcountry households to its natural gas network as the country promotes usage of clean energy sources, the Parliament heard this morning.

The project - which entails using natural gas as source of energy for cooking and other domestic needs - has been undertaken on pilot stage in Dar es Salaam since 2009 and according to the Deputy Minister for Water and Irrigation, Mr Isack Kamwelwe, so far it has been successful.

2016 Tanzania - Final draft Natural Gas Utilisation plan 2016 -2045

EXECUTIVE SUMMARY 

Natural Gas Utilization Master Plan (NGUMP) is an integral part of the strategy for the implementation of the National Energy Policy, 2015 regarding the utilization of the resources, the improvement of infrastructures and human capital development in Tanzania. The Government envisages coordinated utilization of gas on the basis of NGUMP, and that to the extent possible, detailed technical and economic analysis should guide selection of the best project for implementation that will address mutual interest of the Nation and investors. NGUMP is a strategic document promoting inter-sectoral coordination in the design and implementation of natural gas development activities.

CEO Mr. Jay Bhattacherjee Speaks at 3rd LSEG China Conference on 4th July 2017

Jay Bhattacherjee

CEO, Aminex Plc

Jay Bhattacherjee, a reservoir engineer, has 15 years' experience in the oil and gas industry during which he has worked with Apache, Pengrowth, Scotia Waterous and Longreach Oil & Gas. He was appointed VP Operations at Longreach and was instrumental in its growth and development both technically and commercially which culminated in Longreach successfully becoming listed on the TSX Venture Exchange in Canada. Strategic farm-ins and financings undertaken helped to double Longreachs’ market capitalisation during his time there. Previously he was a member of Apache’s unconventional gas programme team and in another period of his career was integral in expanding Pengrowth through strategic acquisitions and operations optimization. He was a co-founder and Chief Executive at Canyon Oil and Gas Ltd. which was acquired by Aminex in 2014. He holds a B.Sc in Chemical Engineering with Petroleum Engineering from the University of Calgary. He was appointed a Director of Aminex in March 2014

Jay Speaks to the Bejing China Conference around about 10.15am - 4th July 2017 This follows on from a recent visit to China.

28th June 2017 - German firm KNAUF Gypsum to invest over $15m in Tanzania

KNAUF Gypsum, which is one of the leading firms in the world in gypsum making, is planning to invest more than 15 million US dollars in Tanzania in the next few years.

Speaking in Dar es Salaam this week, the firm’s Managing Director for East Africa, Zachopoulos Georgios, said that so far they have invested close to 10 million US dollars into their operations and expect to reach 15m US dollars in the next few years.