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In a significant move to bolster bilateral relations and enhance economic cooperation, the Tanzania Petroleum Development Corporation (TPDC) is exploring a partnership in Angola’s Lobito Oil Refinery Project. This initiative aims to expand collaboration between Tanzania and Angola in the oil and gas sector, leveraging their natural resources for mutual benefit.
On October 29, 2026, President Samia Suluhu Hassan announced the potential partnership at State House in Dar es Salaam. The announcement followed discussions with Angolan President João Lourenço, who was visiting Tanzania for a three-day official visit.
President Samia emphasized the importance of the collaboration, stating that Tanzania had received an invitation to partner with Angola in oil refining. This partnership signifies a strategic effort by both nations to enhance the value of their oil and gas resources through cooperative ventures.
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Areas of Cooperation
→ Oil and Gas Sector
The agreement between Tanzania and Angola includes a commitment to strengthen cooperation in the oil and gas sector. This cooperation is expected to lead to increased efficiency and profitability in oil refining processes, benefiting both countries economically.
→ Mining Sector
Beyond oil and gas, the two nations have agreed to collaborate in the mining sector. This involves:
- Exchange of Expertise: Sharing knowledge and technical skills among mining professionals from both countries to foster innovation and efficiency.
- Capacity Building: Enhancing the capabilities of small-scale miners to improve their operations and increase output.
- Value Addition: Developing strategies to increase the value of minerals before they are sold, ensuring that both countries maximize the economic benefits from their natural resources.
The potential partnership in Angola’s Lobito Oil Refinery Project marks a significant step forward in Tanzania and Angola’s relationship. By working together in the oil, gas, and mining sectors, both countries aim to capitalize on their natural resources, fostering economic growth and strengthening ties between the two African nations. This collaboration not only promises economic benefits but also sets a precedent for future cooperative ventures in other sectors.
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The African Mining Market is a source of insightful information on mining & industrial markets, and developments in Africa.
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