Wednesday, 8th April 2020


Articles related to business

Tanzania orders review of all oil and gas exploration contracts

Tanzania's energy minister has ordered a review of all contracts with oil and gas exploration companies by November 30, saying some were not in the country's interest and should be revoked, adding to measures already under way to overhaul the country's energy policy, newspapers reported on Sunday. 

Earlier in September, state-run Tanzania…

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S.African stocks inch lower; platinum miners struggle

South African stocks ended lower on Wednesday, with platinum miner Lonmin hitting a nine-year low after labour unrest in the sector showed no sign of letting up and mining companies struggling to find support as China's appetite for metals wanes.

Resource sector losses were stemmed by a rise in industrial companies while luxury goods firm Richemont…

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South Sudan to split Total oil block: officials

South Sudan will split a massive oil block largely held by Total into three parts, giving one to the French company and the others to two firms, officials said, in the biggest shake-up of the nation's concessions since it seceded from Sudan.

One oil industry source identified the other two operators as U.S. major Exxon Mobil and Kuwait's Kufpec,…

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Tanzania delays offshore licensing round: regulator

Tanzania has delayed a licensing round for nine deep-sea oil and gas blocks previously set for this month until a parliamentary vote on a new gas policy in October, the state-run Tanzania Petroleum Development Corporation (TPDC) said.

"It is anticipated that the roadshow schedule will start again immediately after the Parliamentary Ratification,"…

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Tanzania says Total close to signing exploration agreement

French oil major Total is close to signing a deal to explore for oil and gas in Tanzania's Lake Tanganyika, a senior Tanzanian petroleum official said on Thursday.

Total won a bidding round against eight other companies in August 2011 to explore the block but has been unable to do any work in the area while it discussed terms of a production…

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SA medical costs among world’s highest

Medical costs in South Africa are up to five times higher than those in other nations, Business Report reported on Thursday.

Department of Health head of pricing Anban Pillay said the cost of hospitalisation for maternity was $3 000 (R24 605) while the average cost in Organisation for Economic Cooperation and Development (OECD) countries,…

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