Saudi Arabia, UAE to Establish Major Petroleum Hub in Tanzania

According to local reports in the East African country on Monday, Saudi Arabia and the UAE have agreed to establish a giant petroleum hub in Dar es Salaam, Tanzania.

According to reports citing Minister for Energy, January Makamba, the proposed gas and oil hub planned for Tanzania’s main commercial city will accommodate an oil refinery to process crude oil into various petroleum products and assist manufacturing plants

“Global fuel prices have been on the rise in recent months, with Tanzania suffering the consequences,” Makamba said. “This prompted President Samia Suluhu Hassan, to issue directives to my ministry to address the problem promptly.”

The ambitious development plans come after meetings between delegations from all three countries, which took place earlier this year in Algeria, in an attempt to keep fuel prices in Tanzania stable and low, reports said.

Your Friends Also Read:  Herero and Nama Reject Germany's "Reconciliation"

The planned hub will guarantee fuel supply for Tanzania, reports added.

Earlier this year, Saudi Foreign Minister Faisal bin Farhan met with the Tanzanian President Samia Suluhu Hassa in Dar es Salaam where the two reviewed bilateral relations and ways to enhance them in all fields. 

All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from News Central TV.



Leave a Reply

Previous Article

Egypt Calls for International Pressure on Ethiopia over GERD

Next Article
MINUSMA Says Violations of Rights Abuses in Mali Increased (News Central TV)

UN Accuses Presidential Guard of Shooting Egyptian Peacekeepers in CAR

Related Posts