Connect with us

Business

Sahara Group Inaugurates Petroleum Storage Facility in Tanzania

Published

on

Sahara Group
  • Sahara Group Inaugurates Petroleum Storage Facility in Tanzania

The Sahara Group has inaugurated a 36-million-litre storage terminal to facilitate the distribution of petroleum products in Tanzania and other East African nations.

Operated by Sahara Tanzania Limited, an affiliate of the Sahara Group, the terminal is located in Vijibweni, in the industrial area of Kigamboni in Dar es Salaam, and has a storage capacity of 18 million litres for Automotive Gas Oil and 18 million litres for Premium Motor Spirit.

Sahara said in a statement on Tuesday that the company had six loading arms, each for PMS and AGO, which gave it capacity to load up to 120 trucks per day.

Speaking at the inauguration of the facility, the Supply Manager, Petroleum Bulk Purchasing Agency, Raymond Lusekelo, said the entry of Sahara Tanzania Limited into the oil and gas sector in the country was remarkable at a period when the administration of President John Magufuli was spearheading an unprecedented drive to bring about significant investment in the sector.

“I salute and congratulate the board and management of Sahara Tanzania Limited on the inauguration of its terminal, which we are gathered to celebrate today. This is a strategic investment that signposts the commitment of the company to enhancing the profile of the sector through continuing investments across the entire energy value chain,” he stated.

According to the Terminal Manager, Sahara Tanzania Limited, Taofik Lawal, the company commenced operations in March 2016 with a “dynamic blend of young talent and state-of-the-art technology that is redefining the oil and gas sector in Tanzania.”

“We bring smart solutions to energy needs by deploying the best possible technology as well as distribution and storage facilities that are world-class. Our operations are guided by best international practices and we are passionate about total quality management and excellent service delivery,” he added.

Lawal stated that the resilience and perseverance of the company’s workforce had made it a market leader in the importation, sale and distribution of petroleum products in Tanzania, with further prospects of being the preferred provider across the sub-region.

“We are investing heavily in human capital development and currently have 25 Tanzanian professionals adding value to the great work we are doing in Tanzania. We are looking at increasing this number as we continue to embark on strategic expansion in Tanzania and beyond,” he noted.

Lawal said the inauguration of Sahara Foundation in Tanzania was an indication of the company’s commitment to promoting sustainable development in the nation.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Comments
Advertisement
Advertisement