Songo Songo Gas Field Ownership Transfer
Sector: Power Generation (CCGT) • Location: Tanzania
Source: Business Insider Africa
Taifa Gas, owned by Tanzanian billionaire Rostam Aziz, acquired a 49% stake in PanAfrican Energy Corporation (PAEM), the company behind the Songo Songo gas field, with Dubai-based Amber Energy Investment L.L.C-FZ taking the remaining 51%. This transaction marks the exit of Canada’s Orca Energy Group after more than two decades in Tanzania. The Songo Songo field is central to Tanzania’s economy, su
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | pending regulatory approval |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Taifa Gas, owned by Tanzanian billionaire Rostam Aziz, acquired a 49% stake in PanAfrican Energy Corporation (PAEM), the company behind the Songo Songo gas field, with Dubai-based Amber Energy Investment L.L.C-FZ taking the remaining 51%. This transaction marks the exit of Canada’s Orca Energy Group after more than two decades in Tanzania. The Songo Songo field is central to Tanzania’s economy, supplying a large share of the country’s electricity generation and supporting various industries. The deal reflects a shift towards greater local ownership in Tanzania's energy sector. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
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State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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