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Prime Minister Pinda opens 6th East African petroleum conference & exhibition

Thursday, Feb 07, 2013

ARUSHA, Tanzania, 6 February 2013 / PRNewswire Africa / - The Rt. Hon. Prime Minister of the United Republic of Tanzania Hon Mizengo Pinda has said the East African Community cannot achieve meaningful integration without sufficient and reliable energy accessible to its entire citizen at an affordable price. In this regard, the East African Community Partner States, have agreed to cooperate in joint exploration and development of the energy resources found within the Community.

Speaking at the official opening of the 6th East African Petroleum Conference & Exhibition (EAPCE) taking place from 6 to 8 February 2013 at AICC, Arusha, Tanzania, Hon Prime Minister said EAC Region had witnessed steady growth in petroleum exploration activities since 2003 when the Petroleum Conference & Exhibition was initiated for the first time.

He disclosed that in 2003, EAC had a total of 58 wells drilled compared to today with 158 and still counting.

Hon Pinda informed the delegates that at the time, Uganda for example had only two wells and now it has 64 wells and more are lined up. Songo Songo and Mnazi Bay in Tanzania were the only discoveries in the region, but now several gas discoveries have been made and possibilities for more discoveries exist.

The Prime Minister reiterated that the number of Companies interested in carrying out petroleum prospecting has also grown tremendously since 2003 and the region continues to license more. In 2003 the region had only 13 companies interested in undertaking exploration in the region, today more than 56 and negotiations with more companies are ongoing.

Hon Pinda disclosed that the existence of vast reserves of methane gas in Lake Kivu in Rwanda have boosted the profile of East Africa as a promising and attractive destination for the petroleum prospecting. He added that all the blocks in Burundi had been licensed and collection of seismic data had commenced. In Rwanda surveys indicate the existence of a sedimentary basin in western part of the country and around lake Kivu.

SOURCE : East African Community Secretariat (EAC)

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