The Dodsal Group said it has made a new gas discovery in Tanzania’s Ruvu Basin Coast worth an estimated $8billion.
The conglomerate said the discovery is estimated at 2.17trillion cubic feet.
Dodsal claims the find is the biggest in Tanzania’s biggest onshore gas discovery.
It has already invested $200million and plans to invest another $300million to help support its onshore concession for oil and gas exploration in Tanzania over the next few years.