OIL AND GAS TANZANIA-2015
Tanzania is one of those countries that has emerged and made a mark as one of the leading supplier of gas globally. Large amount of foreign investors have entered the east African market and are now focusing on Tanzania. Tanzania now has become a lucrative market where everyone wants to get a piece of share. The first Oil & Gas Africa – international Trade Exhibition, will be held from the 27th to 29th of August 2015 at Tanzania's prime international venue; the Mlimani Conference Centre in Dar-es-Salaa . This event will be the hub for key players in leading oil, gas and petroleum companies from around the world. We would have prominent speakers who would give in their time and energy to discuss the latest issues and development in the Tanzania’s Oil and Gas market.
The Tanzanian government hopes the oil and gas sector will spur foreign direct investment and strengthen economic growth. The World Bank estimates total investments in the sector could be as high as USD 4-5 billion a year, generating annual government revenues of USD 3-6 billion. Estimates put the country’s reserves at a little over 50 trillion cubic feet of gas, a figure the government thinks may double as additional exploration wells are drilled, making them potentially a considerable potential source of revenue. The country has the potential to become a liquefied natural gas (LNG) exporter in the future. Tanzania boasts a lot of natural reserves that are still to be tapped.