Page 12 - DMEA Week 26 2022

DMEA FUELS DMEA

Taifa Gas secures licence to

construct LPG plant in Kenya

AFRICA TANZANIA’S Taifa Gas is set to construct an industrial use,” the company stated in a notice
LPG gas plant and storage facilities near the Ken- seen by The Citizen.
yan port of Mombasa after securing a licence to Taifa Gas is building the LPG plant in line
operate in the neighbouring country. with a bilateral trade agreement signed between
The plant will help Taifa Gas achieve its aim of Kenyan President Uhuru Kenyatta and his Tan-
entering the Kenyan market and supplying LPG zanian counterpart Samia Suluhu Hassan in
for domestic, commercial and industrial use at Zanzibar last year. The wide-ranging agreement
relatively low prices. It is also expected to trigger addressed many other issues, including the Ken-
fierce competition between Taifa Gas and local yan airline JamboJet’s request for permission to
players, given that the Tanzanian company sells fly to several destinations within Tanzania.
its LPG at lower prices than other brands of gas Meanwhile, several Tanzanian companies
distributed by foreign and local firms operating have applied to construct gas facilities in Kenya.
on the Kenyan market. Taifa Gas is expected to These include Aevitas Investment, Mombasa
make its impact assessment study for the project Gas Terminal Ltd (MGT), Lions Gate Ltd, Focus
available for review this month, and it will invite Container Freight Station and Mansa East Africa
comments from the public on its plans. Ltd. They hope to capitalise on rising demand for
“Taifa Investment SEZ Ltd proposes to con- LPG in Kenya and East Africa more broadly after
struct a liquefied petroleum gas plant, storage obtaining operating licences. Taifa Gas Group,
terminal and related facilities at Dongo Kundu which is owned by the Tanzanian business-
in Mombasa County. The proposed plant is man Rostam Aziz and headquartered in Dar es
designed to store propane, butane and LPG mix Salaam, is involved in the importation, storage,
of various grades for domestic, commercial and distribution, sale and marketing of LPG.™

SJ Global Oil Trading to

supply products to Zimbabwe

AFRICA A Zimbabwean company and its British partner, $244,4mn. An (initial) disbursement of $54,6mn
SJ Global Oil Trading, have started implement- has been made.”
ing a $210mn agreement for the importation The oil agreement is worth $210mn. With
and distribution of petroleum products in the mining and manufacturing components of the
southern African country, state-owned paper deal included, its value rises to $244mn. Line
The Herald reports. Petroleum, The Herald writes, has a fuel storage
Harare-based Line Petroleum hopes to capacity of 50mn litres. It also distributes auto-
expand into neighbouring Democratic Republic motive and industrial lubricants, greases, clean-
of Congo, Zambia, Botswana and Malawi, said ers and degreasers and bitumen. Zimbabwe has
operations director Alistair Carl King. a history of fuel shortage, largely due to the scar-
SJ Global has already released $54.6mn for city of foreign currency to import it. The consul-
the procurement of fuel under the joint venture tancy Devere Group says the country consumed
agreement originally signed in April 2021, he about 1.2bn litres of fuel between January and
said. King is quoted as saying that vessels car- November 2021, up from 1bn in 2020. In early
rying the first consignment have left the United 2019, the treasury said Zimbabwe was spending
Arab Emirates for Beira, Mozambique where between $90mn to $100mn monthly importing
they will unload the fuel into a pipeline to Zim- petroleum products, up from between $60mn
babwe. “The signing and the arrangement covers and $80mn monthly a few months earlier.
a number of areas, including importation of fuel, “In the joint venture,” said King, “SJ Global
mining and manufacturing,” said King. “This is mainly involved in the financing and acquisi-
year, directors of Line Petroleum and Unlimited tion of materials and products since it is rightly
Africa Holdings have been invited to Dubai to positioned in the capitals of the world; it is head-
consummate and kickstart the deal of importing quartered in London, UK, and has offices all over
fuel and funding all projects to the tune of up to the globe with presence in about 32 countries.”™

P12 www. NEWSBASE .com Week 26 30•June•2022