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Aminex plc ( (GB:AEX) ) just unveiled an announcement.
Aminex plc has announced significant progress in the Ntorya gas field development in Tanzania, with the Tanzania Petroleum Development Corporation set to begin pipeline construction from the Ntorya gas field to the Madimba gas processing plant in July 2025. The project is expected to be completed by July 2026, marking a crucial step towards first gas production. Additionally, ARA Petroleum Tanzania Limited, the operator, is preparing to expedite the tendering process for drilling and workover operations, with approvals anticipated by mid-August 2025. This development is seen as a transformative move for Tanzania’s energy landscape, providing cleaner energy solutions and supporting industrial growth.
More about Aminex plc
Aminex plc is an oil and gas exploration and development company primarily focused on operations in Tanzania. The company is involved in the Ntorya gas field development, aiming to contribute to Tanzania’s domestic gas market and energy transition efforts.
Average Trading Volume: 3,855,205
Technical Sentiment Signal: Buy
Current Market Cap: £63.29M
See more data about AEX stock on TipRanks’ Stock Analysis page.