ENOC to Develop Storage Facility for Oil & Gas Products
02.05.2023 By TankTerminals.com - NEWS

February 5, 2022 [Oil&Gas] – ENOC Group and Tanzania’s Ministry of Energy signed today a Memorandum of Understanding (MoU) to develop a national import gateway and world-class storage facility for oil and gas products to serve the country as well as the Eastern and Central Africa region, ENOC announced in a press release.

 

The partnership is in line with the UAE’s 2023 key priorities to expand economic partnerships in Africa and supports the Dubai Economic Agenda of doubling the size of the Emirate’s economy over the next decade, ENOC said in a press release.

Through this agreement, both parties will enter into preliminary discussions to better understand the requirements of the project and develop the framework for the implementation of the gateway and storage facility.

The technical scope of the project will include the development of a new storage facility for oil and gas products, plus related import infrastructure.

The development of a modern import terminal and storage facility will help to build strategic reserves, to improve efficiency and lower import prices in addition to providing job opportunities, which is expected to benefit Tanzania’s economy.

Pro Trial: Access 11,340 Tank Terminal and Production Facilities

11,340 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Asia Spot LNG Holds Steady as Demand Weak, Inventories High
11.28.2023 - NEWS
November 28, 2023 [Hellenic Shipping News]- Asian spot liquefied natural gas (LNG) prices were li... Read More
Kutch Ports Fuel Green Hydrogen Mission
11.28.2023 - NEWS
November 28, 2023 [Businessline]- Kutch in Gujarat is a crown jewel in the port sector of not jus... Read More
Neste to Introduce Solar Power to its Porvoo Refinery
11.28.2023 - NEWS
November 28, 2023 [Neste]- Neste has signed a purchase agreement for solar power supply to its Po... Read More
Octopus Boosts Renewable Capacity Ahead of Shell Energy Deal
11.28.2023 - NEWS
November 28, 2023 [City AM]- For an undisclosed fee, Octopus Energy has bought into Ørsted’s W... Read More