On October 17, 2024, in Dar es Salaam, Deputy Prime Minister and Minister of Energy, Dr. Doto Biteko, held a meeting with the Egyptian Minister of Housing, Services, and Urban Communities, Mr. Sherif El Sherbiny.
In fulfilling its legal responsibilities, the Petroleum Upstream Regulatory Authority (PURA) conducted a monitoring visit to the Eyasi Wembere Block, where the collection of additional 2D seismic data is ongoing.
Fuel prices in Tanzania dropped in October 2024 due to a decrease in global petrol and diesel prices, with reductions observed at major ports like Dar es Salaam, Tanga, and Mtwara. EWURA attributed the decline to lower Free On-Board prices and a favorable exchange rate, despite some increases in fuel premiums at certain ports.
The Rovuma LNG project in Mozambique is nearing production and export, with McDermott awarded the front-end engineering design contract to develop a liquefied gas export terminal aimed at producing 18 million tons of LNG annually. Despite previous delays, the project is seen as a significant opportunity for economic growth in East Africa, with partnerships involving major companies like ExxonMobil, Eni, and China National Oil Corp.
EWURA has announced new cap prices for petroleum products effective October 2, 2024. The revised prices aim to ensure fair pricing for consumers while considering market conditions and operational costs.
The EACOP project is advancing with the arrival of insulated line pipes in Uganda, marking a key step towards laying the pipeline and exporting crude oil by the end of next year. The project, estimated to cost $5 billion, emphasizes environmental sustainability by utilizing renewable energy and engaging local communities throughout its development.