Total Tanzania has refuted claims that its current sales of stations, plots and depots was an indication of it exiting the East African country as alluded by the Africa Energy Chamber yesterday. According to the company the disposal of assets emanate from excess and duplicating infrastructure arising from the acquisition of GAPCO Tanzania Limited assets in 2018 for more than $200 million.<\/p>\n
According to the company the joining of the two competitors in the past three years has left the oil marketer with redundant stations and depots some in close proximity.\u00a0 Infrastructure upgrades\u00a0 have also left some of its assets inaccessible and hence a need to dispose these assets.<\/p>\n
“Indeed, the September 1 inauguration on the 8th Dodo station forming part of its\u00a0 over 90 stations in Tanzania demonstrates that Total Tanzania has a long term view and is committed to pursuing its development in the country,” Total Tanzania Director of Legal and Corporate affairs\u00a0 Marsha Msuya told OilNews Africa.<\/p>\n
Late yesterday the President of the Africa Energy Chamber NJ Ayuk and the Executive President African Energy Chamber CEMAC Zone Leoncio Amada lashed out at the Tanzania government for creating a hostile environment for investors.<\/p>\n
\nSad to see @Total<\/a> moving away from #Tanzania<\/a>. State action that results in kicking out investors is not always good. So much potential in Tanzania. You can’t love jobs then hate those who create jobs. Get on the table and fix it. pic.twitter.com\/Hq4fKtHkyw<\/a><\/p>\n
\u2014 NJ Ayuk (@nj_ayuk) September 1, 2020<\/a><\/p><\/blockquote>\n
\nIt is very unfortunate to see @Total<\/a> leaving Tanzania ??. Now more than ever, the african #oilandgasindustry<\/a> needs #FDI<\/a> coming to our continent, not leaving. #Jobs<\/a> and #businesses<\/a> are destroyed in the process. Policies that protect investment must be promoted. VERY BAD!! #oott<\/a> pic.twitter.com\/reBFnZhyZm<\/a><\/p>\n
\u2014 Leoncio Amada NZE (@Nze3) September 1, 2020<\/a><\/p><\/blockquote>\n
The Chamber has since corrected the position with President of the Africa Energy Chamber NJ Ayuk and the Executive President African Energy Chamber CEMAC Zone Leoncio Amada posts new tweets after OilNews Africa sought the company’s correct position.<\/p>\n
\nThanks a million. I have been one of the greatest advocates for #Tanzania<\/a>. I wrote a best-selling book promoting the energy sector and investment in Tanzania @bigbarrels<\/a>. No matters our disagreements about the energy sector, lets push for investments.<\/p>\n
\u2014 NJ Ayuk (@nj_ayuk) September 2, 2020<\/a><\/p><\/blockquote>\n
\nIt is good to see the government of Tanzania?? & @Total<\/a> exploring friendly & cordial ways to solve disputes that oppose them to safeguard the interests of the Tanzanian people in these time of deep crisis. We must be focused in creating jobs, building strong local content, etc… https:\/\/t.co\/25wlW59ol1<\/a><\/p>\n
\u2014 Leoncio Amada NZE (@Nze3) September 2, 2020<\/a><\/p><\/blockquote>\n