The Deputy Permanent Secretary of the Ministry of Energy, Dr. James Mataragio, has extended an open invitation to investors to partner with the Tanzania Petroleum Development Corporation (TPDC) for oil and natural gas exploration.
He made the announcement during the Africa Oil Week 2024 held on October 10, 2024, in South Africa.
Dr. Mataragio showcased several promising exploration blocks, including Mnazi Bay North, Eyasi-Wembere, Songo Songo West, 41B, and 41C, which research indicates have significant resource potential.
He also called for investment in geothermal power projects located in Ngozi, Kiejo-Mbaka, Songwe, Luhoi, and Natron, highlighting Tanzania’s ambitions to diversify its energy mix.
“Tanzania offers a politically stable environment, investor-friendly policies, supportive infrastructure, and access to both local and regional markets,” Dr. Mataragio assured, emphasizing that the country is an ideal destination for long-term investments.
He outlined key energy projects, such as the Julius Nyerere Hydropower Project (JNHPP), which will provide enough electricity for domestic use and exports to neighboring countries.
He also gave updates on two major projects: the East African Crude Oil Pipeline (EACOP), in which Tanzania holds a 15% stake, and the Liquefied Natural Gas (LNG) project, with negotiations currently underway.
Meanwhile, Godluck Shirima, Commissioner for Petroleum and Gas, highlighted Tanzania's extensive gas transportation network, including the Mtwara-Dar es Salaam pipeline.
He revealed plans to supply gas to Kenya, Uganda, and Malawi, enhancing Tanzania’s regional energy trade.
Additionally, Charles Sangweni, Director-General of the Petroleum Upstream Regulatory Authority (PURA), announced Tanzania's upcoming fifth licensing round for 24 gas blocks.
Of these, 21 blocks are located offshore in the deep waters of the Indian Ocean, and three are in Lake Tanganyika.
Sangweni encouraged investors to seize the moment, assuring them that all blocks are backed by detailed data confirming the presence of oil and gas resources.
“The time to invest is now,” he stated, inviting global stakeholders to explore Tanzania’s rich upstream opportunities.
