The Latest

Tanzania and DRC Sign MoU for Oil and Gas Exploration in Lake Tanganyika

October 14, 2016
1 minute read
lake Tanganyika oil exploration

Tanzania and the Democratic Republic of Congo (DRC) recently signed a Memorandum of Understanding (MoU) for joint oil and gas exploration in Lake Tanganyika.

The MoU was signed by the Tanzanian Minister of Energy Sospeter Muhongo and the Congolese Minister of Petroleum and Gas Ngoy Mukena, in Dar es Salaam on October 4th 2016.

The signing was witnessed by the Tanzanian President John Magufuli and the Congolese President Joseph Kabila.

Tanzania Investment Guide 2026 Free Edition

President Kabila reminded that DRC has already discovered oil in Lake Albert, located on the border between Uganda and DRC; and that there is a high possibility that they will find oil in Lake Tanganyika.

Lake Tanganyika is the 2nd largest freshwater lake in the world by volume, and the second deepest. The lake is divided among four countries: Tanzania, DRC, Burundi, and Zambia.

Tanzania and DRC possess the majority of the lake with respective shares of 46% and 40%.

Tanzania Oil and Gas

Tanzania has the second largest natural gas reserves in East Africa with 57.27 trillion cubic feet (tcf) so far discovered, behind Mozambique with 100 tcf according to the Energy Information Administration (EIA).

However, Tanzania is a net importer of petroleum products. During the financial year 2014–2015 the country imported a total of 4.6bn l of petroleum products.

Tanzania Investment Guide 2026 Full Edition

Want to know more about Energy in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers Energy, plus key sectors and investment opportunities. The complete 141-page edition includes policies, taxation, key regulations, full macroeconomic data, and sources, and is also available at no cost upon completion of a short form.

Download Free OverviewGet the Full Edition for Free
Tweet
Share
Share
Share
Related Posts
Presidents Samia Suluhu Hassan and Yoweri Museveni witness the Tanga Regional Energy Hub MoU signing, State House Dar es Salaam
Read More

Tanzania, Uganda Sign MoU for USD 20 Billion Tanga Energy Hub

Tanzania and Uganda signed a Memorandum of Understanding at State House on 6 August 2026 to develop Tanga as a Regional Energy Hub, a deal Tanzania's Energy Minister said could attract investment exceeding USD 20 billion. The agreement, signed by the Uganda National Oil Company, the Tanzania Petroleum Development Corporation, and Vitol Bahrain E.C., covers petroleum storage, refining, logistics, and distribution infrastructure at the port of Tanga, building on the East African Crude Oil Pipeline.
Samia Suluhu Hassan Africa50 Forum Dar es Salaam 2026
Read More

Tanzania President Calls for Faster Infrastructure Delivery Via PPPs as Country Signs Five Agreements on Power Transmission, Gas and Health

Tanzania President Samia Suluhu Hassan called for faster infrastructure delivery through public-private partnerships (PPPs) as Tanzania signed five agreements at Africa50's Infra for Africa Forum, covering an electricity transmission PPP with TANESCO, natural gas supply to local industry with TPDC and TAQA Arabia, and expanded kidney dialysis care. Africa50 secured USD 70 million in new capital from British International Investment, the Italian Climate Fund and Proparco, the private sector financing arm of the French Development Agency group (AFD).
Tanzania Contract 100 MW Kishapu Solar Project Phase Two
Read More

Tanzania Signs TZS 204.4 Billion Contract for 100 MW Kishapu Solar Project Phase Two

Tanzania has signed a contract worth approximately TZS 204.4 billion with Sagemcom Energy & Telecom SAS and STEG International Services for the 100 MW second phase of the Kishapu Solar Power Project in Ngunga, Shinyanga Region, taking the full 150 MW project's cost to approximately TZS 323 billion. The contract follows completion of the project's 50 MW first phase, which cost TZS 118.6 billion and became Tanzania's first grid-connected utility-scale solar plant in March 2026.
Eastern Africa Power Pool (EAPP) 2026 Council of Ministers Meeting
Read More

Eastern Africa Power Pool Ministers Agree to Accelerate Regional Electricity Market

Eastern Africa Power Pool (EAPP) member states have agreed to speed up the implementation of a regional electricity market aimed at expanding cross-border electricity trade and strengthening energy security. Tanzania said the initiative will support industrial growth, attract investment, and improve the reliability of electricity supply across the region.

Want to know more about investing in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers the economy, key sectors and investment opportunities. The complete 141-page edition, which includes policies, taxation, key regulations, full macroeconomic data and sources, is also available at no cost upon completion of a short form.

Download Free Overview Get the Full Edition for Free