Algeria’s state energy group Sonatrach is reported to be in talks with two Eastern Africa countries as the northern African state owned giant seeks to expand its exploration activities to Mozambique and Tanzania.
In Mozambique Sonatrach has been eyeing projects operated by Eni and Anadarko and had last year announced it was seeking to buy a stake.
Already Sonatrach has already signed a Memorandum of Understanding with the Mozambique Empresa Nacional de Hidrocarbonets (ENH) to work together on a number of areas of common interest related to the marine transportation of hydrocarbons.
According to the Algeria state news agency Tanzania will be hoping to learn from Algeria’s experience in oil and gas sector to learn run its industry.
Tanzanian Energy Minister Sospeter Muhongo has or some time indicated that the country was looking at Algeria’s state owned oil giant as a role model for its own Tanzania Petroleum Development Corporation (TPDC).
The government of Tanzania has reserved two gas rich blocks near the Mozambique to TPDC as the state owned giant seeks to be a power in the upstream sector.