Industry Tank farm Headquarters Dar es Salaam, Tanzania Owner GoT / Oryx Energies (50%) | Total equity TSh 100 million (2004) Founded 1999 | |
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Key people Abdulkarim Mruma (chairman); Daniel Belair (MD) | ||
The Tanzania International Petroleum Reserves Limited (TIPER) is a joint venture between the Government of Tanzania (GoT) and Oryx Energies. It operates the largest oil terminal in the country, and will have a storage capacity of 213,200 m3 by 2015.
The terminal is located at Kigamboni, opposite the Port of Dar es Salaam.
History
The plant was commissioned as an oil refinery in the 1960s. It was then known as the Tanzanian and Italian Petroleum Refining Company Limited (TIPER), owned jointly by the GoT and Agip (Tanzania) Limited. After the signing of the agreement in 1963, it was built by the Italian state-owned Eni between February 1965 and June 1966 at a cost of TSh 100 million. In 1969, the GoT purchased half of the shares. It was a small refinery with a capacity to process 600,000 tonnes per annum.
Prior to the liberalisation of the petroleum industry in 1997, TIPER produced 30 percent of the local requirements and the rest was imported by the state-owned Tanzania Petroleum Development Corporation (TPDC).
In 1991, under pressure from the International Monetary Fund (IMF), operations ceased at the refinery to implement the country's Structural Adjustment Program. The IMF argued that it was operating at 60% of its capacity.
In 1999, Swiss based Oryx Energies acquired Agip's assets in Tanzania.
In 2012, the GoT was considering using the oil terminal as part of its national strategic petroleum reserve.
In November 2014, the government as the silent partner, suggested that the firm be led by an independent team. Oryx Energies disagreed. The firm expects to build new storage tanks and thereby increase its capacity by an additional 100,000 m3.