ALGIERS, July 7 (Reuters) - OPEC member and gas exporter Algeria is in advanced talks for a first deal to start oil and gas exploration in Tanzania, boosting its ambitions to expand in east Africa, Algerian and Tanzanian energy ministers said on Monday.
"We want to use the Algeria's experience to explore for oil and gas in several areas in Tanzania," Tanzanian Energy Minister Sospeter Muhongo after talks with his Algerian counterpart Youcef Yousfi, according to Algerian state news agency APS.
Algeria's state energy group Sonatrach last year said it was in negotiations with Tanzania's neighbour Mozambique to buy a stake in offshore gas projects operated by Italy's Eni and Anadarko Petroleum Corp.
Algeria and Tanzania also plan to set up joint ventures for electricity and butane gas distribution, APS said.
(Reporting By Hamid Ould Ahmed, editing by David Evans)
Copyright 2017 Thomson Reuters. Click for Restrictions.
WHAT DO YOU THINK?
Click on the button below to add a comment.
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Most Popular Articles
From the Career Center
Jobs that may interest you