East Africa welcomes oil and gas investments

A NABA business mission has this week participated in the 6th East Africa Petroleum Conference and Exhibition in Arusha, Tanzania. NABA founding member Statoil presented the company’s future plans.After finding significant gas reserves in block 2 offshore Tanzania, Statoil might consider building an LNG-plant in Tanzania. Before a investment decision is made, more wells will be drilled over the next 2 – 3 years. This is a long-term project, and if the investment decision is positive an LNG-plant might be ready to produce LNG from 2020, stated Statoil’s Country Director Bjørn Albert Rasmussen at the conference. You can read more about Statoil in Tanzania in today’s Business Daily (Dagens Næringsliv, Friday 8th of February).Click on the photo to see Tanzania’s Prime Minister Hon. Mizengo Pinda speaking to Statoil Tanzania’s Country Director Bjørn Albert Rasmussen at the Statoil stand in the conference’s exhibition area. Norway’s Ambassador to Tanzania, Ms. Ingunn Klepsvik, in the background.NABA members will receive a briefing following this business mission to Tanzania.For any questions, please contact Mr. Eivind Fjeldstad, mobile +255 772 511 211 or +47 9596 9631.