Tanzania’s new-found gas reserves are valued at an estimated US $20 billion. Many look at these prospects with optimism, as this revenue may help Tanzania achieve its goal of becoming a middle-income country by 2025.
In common with several other African economies including Ghana, Kenya, Mozambique, and Uganda, Tanzania will soon enter the ranks of oil and gas producing countries. Tanzania’s mining sector has been playing an increasingly important role in the economy. Mining sector output, by value, grew by about 17% in 2003, and by 15% in 2002. From 1999 through 2003, substantial increases in gold production spurred growth in the country’s mining sector by around 15% annually.
The large energy, oil, gas and mining investments are often cross-border and require expertise, techniques, innovation and creativity in their realization, with a need to draw on experience and best practices, as well as an ability to transpose those skills and practices to meet the demands and interests of the aforesaid investments in the norms of the Country.
Headed by the leading event organizer Deogratius Kilawe-C.E.O of excel Group Africa/MIKONO, Tanzania International Mining & Oil and Gas Conference & Exhibition 2018 is aimed at providing a venue for the industry as well as regulators to discuss various issues and challenges as well as to explore emerging opportunities and latest developments in East Africa’s Oil, Gas and Mining industry.
