Oryx Energies has agreed to sell its Tanzanian gas business to ASAS Energies, subject to regulatory approvals and other customary conditions, as part of its wider strategy to review its African assets and refocus investment. The transaction is expected to support continuity in Tanzania's gas sector, while Oryx continues its existing operations in Kenya and the wider regional energy market evolves.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has outlined renewed ambitions following the appointment of its new Chief Executive, Oritsemeyiwa Eyesan, who has signaled a strong commitment to advancing Nigeria’s upstream oil and gas sector in alignment with the Petroleum Industry Act (PIA) 2021.
Tanzania has included LPG in its bulk procurement system to lower import costs and improve supply efficiency. This move supports the country's clean cooking agenda and aims to make LPG more affordable and accessible, especially in rural areas.
Global oil prices dropped in the first week of August, raising hopes for lower fuel prices in Kenya ahead of EPRA's upcoming review. However, domestic factors like taxes and levies may limit the impact of this global decline at the pump.
Nigeria’s First E&P is expanding into Tanzania to explore gas opportunities, reflecting a broader strategy by Nigerian energy companies to grow beyond their home market. The company aims to complete initial assessments quickly and is actively seeking partners to support its regional expansion.
Fuel prices in Tanzania have dropped for the third consecutive month, offering relief to motorists and businesses. The reductions are driven by falling global oil prices, a stronger shilling, and lower shipping costs.