How much oil will a Tanzanian oil refinery produce a year?
The refinery will have the capacity to produce approximately 27,000t of oil per year and about 10,000t of lubricant annually. This will save Tanzania USD15m of its foreign exchange reserves and at least 200 Tanzanians will be directly and indirectly employed in the refinery, Gupta explained.
Where is Kamal tzs10b oil refinery located?
Industrial group Kamal of Tanzania recently launched its TZS10b heavy oil refinery in Tanzania. The factory is placed in Kamala’s industrial park in Bagamoyo, established under the Special Economic Zones (SEZ) program. The TZS10b factory will allow Tanzania’s industries to produce heavy oil locally instead of importing it.
Who imports TIPER oil in Tanzania?
Prior to the liberalisation of the petroleum industry in 1997, TIPER produced 30 percent of the local requirements and the rest was imported by the state-owned Tanzania Petroleum Development Corporation (TPDC).
Is a Tanzanian refinery a step towards industrialization?
Tanzania’s Permanent Secretary in the Ministry of Industry, Trade and Investment, Dr Adelhelm Meru, said that the establishment of the refinery is another step toward the country’s industrialization.
Will Tanzania’s oil refinery save usd15m?
This will save Tanzania USD15m of its foreign exchange reserves and at least 200 Tanzanians will be directly and indirectly employed in the refinery, Gupta explained. Heavy oil demand is not limited to Tanzania, for which the company will export its products to other neighboring countries, such as Kenya, DRC, Uganda, and Zambia.
Where does Tanzania import refined petroleum?
Tanzania imports Refined Petroleum primarily from: United Arab Emirates ($1.03B), Saudi Arabia ($652M), India ($342M), Oman ($116M), and Malaysia ($103M). The fastest growing import markets in Refined Petroleum for Tanzania between 2020 and 2021 were Saudi Arabia ($489M), United Arab Emirates ($452M), and Malaysia ($91.4M).