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DMEA NEWS IN BRIEF DMEA

POLICY grouped Deputy Prime Minister-Minister refinery is one of the most unique projects
of Health in charge, Ramadan Abu Janah, of the country’s oil industry as it has refined
Tanzania reduces fuel levy President of the Audit Bureau, Khaled a significant part of the gases that were
Shakshak, and Chairman of the National Oil
burned in the flares and it prevented the
The government of Tanzania has decided Corporation Mustafa Sanalla to discuss the gases’ wastage. The Persian Gulf Bidboland
to cut petrol, diesel and kerosene prices by latest developments of the project. Complex is one of the huge and strategic oil
TZS100 ($0.043) per litre. In a statement For his part, Abu Janah described the and gas projects of the Islamic Republic of
released by the Ministry of Energy on South Refinery project as a vital and strategic Iran, which, in addition to creating jobs, will
February 28, it pledged to continue scheme. “This huge project will permanently play a significant role in economic, skill and
monitoring the movements on global markets address the fuel shortage crisis and provide industrial development of Khuzestan Province
while adjusting local prices to affordable many direct and indirect job opportunities for and the whole country.
levels. young people in the south after completing its Iran has successfully developed
The price adjustments will come into force implementation.” its economy and made considerable
from March 2, and will be implemented for He also expressed his keenness to resume achievements in various fields including oil
the next three months. Tanzanian Energy suspended projects and follow up on their and gas despite heavy sanctions by the US.
Minister January Makamba has already signed functioning as required. IRAN FRONT PAGE
the amendment to the legislation establishing The Government of National Unity had
the fuel levy. issued a decision to establish an oil refinery Illegal refineries often
The government feared that fuel prices in and extract cooking gas from the burnt gases
Tanzania would become unsustainably high in the El Sharara oil field in the southern reactivated after demolition
from March onwards owing to rising global region. It also ordered the maintenance and
oil prices in the wake of Russia-Ukraine war. development of the infrastructure of the Waha Chief of Naval Staff, Awwal Gambo has
“Despite the fact that this decision will Oil Company. disclosed that illegal oil refining sites in the
cause the government to lose about TZS30bn LIBYA OBSERVER Niger Delta were usually reactivated hours
($12.95mn) in monthly revenue, it is seen as after demolition.This was stated by the Navy
necessary to protect its local consumers of Iran launches strategic gas chief while speaking on efforts to combat
petroleum products from fluctuations in the illegal oil refining in the region during a
global markets,” said the statement. refinery in south media chat in Abuja, recently.
NEWSBASE According to Gambo, there are over 3,000
The Persian Gulf Bidboland storage facility creeks in the Niger Delta, which he said makes
and wharf has been launched in the presence it difficult to track activities of all illegal oil
REFINING of Iran’s oil minister in the port city of refiners.
Mahshahr in southern Iran. “I have to bring to note: Illegal refining
Libya ready to monetise Refinery said this project has an annual export hours after destruction to be reactivated for
sites as we speak take about seven to eight
The CEO of Persian Gulf Bidboland Gas
budget for South Refinery capacity of 2 million tons of valuable products illegal operation by those involved,” he said.
“We have over 3,000 creeks in the Niger
of propane, butane, pentane plus.
Finance Minister Khaled Al-Mabrouk has Persian Gulf Bidboland Gas Refinery is a Delta such that even if we’re going to put all
affirmed that the procedures for monetizing homegrown project and has been completed the armed forces of Nigeria into those creeks,
the value allocated to the South Refinery and with an investment of 3.4 billion dollars. it would not be enough.”
cooking gas project are nearing completion. The refinery is now the largest feed supply Gambo called on leaders in refining the
Al-Mabrouk attended a meeting that project for Iran’s petrochemical industry. This region to emulate the “political will” displayed

P16 www. NEWSBASE .com Week 09 03•March•2022