TANZANIA, DR CONGO HOLDING TALKS ON OIL EXPLORATION IN LAKE TANGANYIKA

Negotiations are underway between the governments of Tanzania and the Democratic Republic of Congo (DRC) for a mutual agreement and collaboration on oil and gas exploration in lake Tanganyika, which is shared by the two countries as well as Burundi and Zambia.

DRC Oil Minister Aime Mgoi Mukena Lusaduese, arrived in Tanga in northeastern Tanzania on Thursday for talks with senior Tanzanian government officials from the Energy and Minerals Ministry in order to reach a mutual agreement on the mater.

The Congolese minister visited a private oil depot at Raskazoni and thereafter, at Chongoleani area, where a crude oil terminal to receive crude oil from Uganda will be situated.

He also invited business people from Tanzania to go to his country to invest in the oil sector, because there is still room for such investment taking into account that his country has very few businesses involved the sector.

Briefing journalists moments before engaging in bilateral talks, Tanzanian Energy and Minerals Minister Professor Sospeter Muhongo said the visit of the Congolese minister and his delegation was aimed at holding talks to enable the two countries to explore for oil and gas in Lake Tanganyika.

He said another matter concerned the fact that the DRC had discovered oil in other parts of the country and there is a proposal to use Tanga port for export of Tanzanian crude oil through the East African Community (EAC) Crude Oil Pipeline to reach world markets.

Prof Muhongo added that initially, the DRC would export about 30,000 barrels per day, which, with the the 200,000 barrels per day (bpd) from Uganda, would see Tanga Port receiving 230,000 bpd.

Source: NAM NEWS NETWORK.