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- Operations
- Kimbiji Energy Exploration Project (Additional Loan)
Kimbiji Energy Exploration Project (Additional Loan)
Tanzania
| Borrower | Tanzania |
| Financing Type | Public Sector |
| Instrument | Project Loan |
| Focus Area | Energy |
| Approved | 15.02.1983 |
| Signed | 15.04.1983 |
| Status | Completed |
| Loan Administrator | OPEC Fund |
| Executing Agency | Tanzania Petroleum Development Corp. |
| OPEC Fund Contribution (US$m) | 5.00 |
| Total Project Cost (US$m) | 5.00 |
The purpose of the project is to determine and assess the availability of hydrocarbons in Kimbiji and its potentiality towards alleviating the foreign exchange costs of imported oil while providing the economy of Tanzania with energy for its development.