Dar es Salaam, Jan. 28 -- TANZANIA envisions becoming a centre for oil trade in East and Central Africa following the construction of fuel terminals and large storage facilities in the country.

The construction of the infrastructure will not only speed up fuel offloading from foreign vessels to the terminals, but also expand storage capacity and reduce prices of the commodity.

The plan was unveiled yesterday in Dar es Salaam by the Minister for Energy Mr January Makamba during the signing of Memorandum of Understanding (MoU) between Tanzania Petroleum Development Cooperation and Emirates National Oil Company (ENOC Group).

“The MoU signing opens up a door for further talks on how the investment activities can be affected where in ...