Stanbic Bank Host Breakfast to Discuss Opportunities in Mozambique Oil and Gas Sector
February 28, 2020
1 minute read
Standard Bank Head of Oil and Gas Paul Eardley-Taylor speaking about the opportunities resulting from Mozambique Liquefied Natural Gas project, during a breakfast session held in Dar es Salaam, recently. Stanbic Bank is committed to facilitating investment in the oil and gas sector to promote industrialization and economic growth.
Standard Bank Head of Corporate Banking – Mozambique, Chris Caley speaking about the opportunities resulting from the Mozambique Liquefied Natural Gas project, during a breakfast session held in Dar es Salaam, recently. Stanbic Bank is committed to facilitating investment in the oil and gas sector to promote industrialization and economic growth.
The Government of Tanzania has laid the foundation stone for a TZS 701.8 billion project to construct 15 new oil storage tanks at the Dar es Salaam Port. The expansion will increase total oil reception capacity by 35.9%, reducing vessel turnaround times from 22 days to just seven days while eliminating US$25,000 in daily demurrage charges.
Tanzania has completed the 50 MW Kishapu solar power plant in Shinyanga, with full integration into the national grid expected by March 2026. The project, financed with TZS 118.6 billion, marks the country’s first large-scale solar facility, with a second 100 MW phase planned at a cost of TZS 200.4 billion.
Tanzania has identified ports, logistics, energy and industrial zones as priority sectors to attract institutional capital through the Global Africa Investment Summit platform. The initiative aims to mobilise private investment using structured financing models such as PPPs and blended finance while strengthening Tanzania’s regional hub role.
Tanzania and Indonesia have agreed to strengthen development cooperation in agriculture and energy after high-level talks in Dodoma. The partnership builds on long-standing diplomatic relations and ongoing capacity-building and investment cooperation between the two countries.
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