The Government of Tanzania has laid the foundation stone for a TZS 701.8 billion project to construct 15 new oil storage tanks at the Dar es Salaam Port. The expansion will increase total oil reception capacity by 35.9%, reducing vessel turnaround times from 22 days to just seven days while eliminating US$25,000 in daily demurrage charges.
They will serve as a critical intervention designed to address longstanding challenges in oil reception and storage while strengthening national energy security. This initiative forms part of the broader strategy of the Government to modernize port operations and enhance the country’s position as a competitive regional trade and logistics hub, with the construction project currently standing at 41% completion after being launched in August 2024 and scheduled for completion in February 2027.
Read more at: https://www.tanzaniainvest.com/energy/dar-es-salaam-port-oil-storage-expansion
