The Latest

Oil & Gas Exploration Company to Exit Tanzania

October 17, 2018
1 minute read
Bounty exit Tanzania Kiliwani gas field

Independent Australian oil and gas explorer and producer Bounty Oil and Gas (ASX:BUY), announced that it intends to withdraw from the Kiliwani North and Nyuni area Production Sharing Agreement (PSA) joint ventures in Tanzania.

Located in the Nyuni block off the coast of Tanzania, Kiliwani North gas field has 45 BCF of certified reserves.

Production began in 2016 following the completion of gas processing and transportation infrastructure on Songo Songo island in 2015.

Bounty has a 10% interest Kiliwani North Development Bounty and a 5% interest in the Nyuni PSA.

In a statement issued on 5th October 2018, the company indicated that it will continue its focus towards Australian oil and gas production.

Want to know more about Energy in Tanzania? Our free Tanzania Business and Investment Guide 2026 covers Energy, plus regulations, key sectors, and investment opportunities—all in one place.

Download Free Guide
Tweet
Share
Share
Share
Related Posts
Tanzania ASSESSMENT OF ECONOMIC IMPACTS ON TANZANIA ARISING FROM THE GULF CRISIS
Read More

Tanzania Gulf Crisis Report Rates Energy, Food, Transport, Tourism and Budget at High Risk

A May 2026 rapid assessment by Tanzania's National Planning Commission and UNDP rates energy, food, transport, tourism and the Government budget at high risk from the Gulf crisis, which raised Dar es Salaam fuel prices by up to 69% between January and May 2026. The report flags a possible TZS 153.7 billion monthly customs revenue shortfall and fuel subsidy needs rising to TZS 1,384.2 billion by July, alongside buffers including a 124% food self-sufficiency ratio, USD 6.3 billion in reserves and 57 trillion cubic feet of gas.
Tanzania-Rwanda energy cooperation agreement 2026 Hassan Kagame
Read More

Tanzania and Rwanda Sign Energy Cooperation Agreement Covering Power Trade, Oil, Gas and LNG

Tanzania and Rwanda signed a bilateral energy cooperation agreement covering cross-border electricity trade, joint power infrastructure development, and petroleum product distribution. The deal also extends to oil and gas exploration, LNG project opportunities, and the use of artificial intelligence in the energy sector, building on the existing 80 MW Rusumo interconnection, which has synchronized the grids of Tanzania, Rwanda, and Burundi since March 2024.
Russia Maxim Reshetnikov Tanzania Kitila Mkumbo
Read More

Tanzania and Russia Agree to Open Industry, Energy, and Infrastructure to Joint Investment

Tanzania and Russia have agreed to deepen investment cooperation in industry, energy, transport infrastructure, and air transport, with value-addition processing, production technology, and goods transportation named as priority areas at the Third Joint Intergovernmental Commission held in Arusha on 15–16 May 2026, which drew 120 Russian companies. The deals also cover Russian investment in mining, agriculture, and ICT, direct Air Tanzania (ATCL) flights to Russia, and a signed agreement to promote the Swahili language in Russia.

Want to know more about investing in Tanzania? Our free Tanzania Business and Investment Guide 2026 covers key sectors, regulations, and investment opportunities—all in one place.

Download Free Guide