Dar es Salaam. Total sees a bright future of its operations in Tanzania and across the region as it marks its Golden Jubilee in the country.
The company, which started its operations in Tanzania 50 years ago, is also a leading partner in the East Africa Crude Oil Pipeline project (EACOP).
“The marking of Total Tanzania’s 50th anniversary on May 9, 2019, demonstrates our long-term commitment as major international oil company still operating in the country,” the company said in a statement yesterday.
The company said in a statement yesterday that it has invested heavily in Tanzania during the past few years, resulting in the steady growth and diversification of its business operations in the country, focusing primarily on downstream business in the importation, marketing and distribution of petroleum products.
Through the acquisition of Gapco Tanzania, Total has invested over $200 million in the country during the past three years.
“The acquisition resulted into the tripling in the size of Total’s oil marketing and service network; the launch of a multi-million dollar blending plant and the introduction of Total Innovations and high tech knowhow to Tanzania among others,” the company said.
Its commitment to Tanzania is also manifested by upgrade of its depot upgrade among others.
The Energy and Water Utilities Regulatory Authority (Ewura) figures show that Total is one of the top five oil marketing firms in Tanzania.
Tanzania has over 17 oil marketing firms which sold a total of 3,226,961,390 litres of petroleum products during the 2017/18 financial year.