Tanzania is all set to build a new oil refinery and a 1,500-kilometres pipeline to bring oil to its interiors. The $3.5 million project will be carried out by Noor Oil & Industrial Technologies (NOIT), a US based multinational oil firm, which will give the region a steady, uninterrupted supply of refined products.The project's advantages are linked to the huge net proceeds from the storage and transportof petroleum products to Mwanza, Kigoma and neighbouring states. The refinery will supply Tanzania and its neighbours with refined products in addition to some for the export market. Landlocked East African Community member states are also to get benefit from a proposed oil pipeline to connect them to Tanzania. Besides cheaper oil, East African countries will also save on the cost of road maintenance occasioned by excessive use of surface transport to deliver products to destinations.
The project's feasibility study by US-based Fluor Enterprise Inc. is in its final stage and will be completed in July. The feed stock supply of crude oil for the refinery, design, engineering, technology and plant and main contractor for oil refinery and pipeline have been secured from global leaders in the oil and gas industry including Gazprom of Russia.
The state-of-the-art refinery will yield 98 per cent white products. The design of the project will allow room for expansion.
The major shareholders in the Tanzania project include Union Oil and Gas Industrialist Association of Russia, Rosneftegazstroy of Germany and some members from the Middle East royal families. The consortium to run the project is made up of Zakneftegastroy Promety, Stroytransgaz - an affiliate of Gazprom; Saba Enterprises, Mena Marine Technology, and the Haas Gulf States and Condensate Marketing Corporation
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