On Tuesday, May 31st, Wentworth Resources hosted a delegation of Tanzanian government officials on a tour of Mesaieed Industrial City ("MIC") and Ras Laffan Gas City ("Ras Laffan") in the State of Qatar. MIC is the home of Qatar Fuel Additives Company or QAFAC, a combined methanol and MTBE facility, and was the project Bob McBean (Executive Chairman) and Geoff Bury (COO/CFO) were instrumental in developing. Ras Laffan is the home of numerous LNG, petrochemical, fertilizer, GTL, and desalination/power projects including Neil Kelly's (Non Executive Director) RasGas LNG projects. The purpose of the tour was to show our friends in the Tanzanian government what Qatar and its partners achieved in the relatively short time frame of 15 years, and the potential positive financial and social benefits of natural gas monetization projects.
The Qatar tour was followed by meetings with senior management and members of the Board of Directors.
Wentworth Executive Chairman, Bob McBean, added "We are pleased to report that the support we are receiving from the government of Tanzania is substantial. In partnership with the government we are expediting the development of our ammonia/urea and methanol project and our commitment to supply pipeline spec gas for power generation. This is an exciting time for East Africa's natural gas development and for Tanzania in particular."
Wentworth Resources is a publicly traded (OSX: WRL), independent oil & gas company with natural gas production, midstream and downstream assets, and a committed exploration programme in the Rovuma Delta Basin of Tanzania and Mozambique. The Company is actively developing a large-scale gas monetization solution for its producing and under development natural gas resources.
For more information please contact:
Robert "Bob" McBean
Finance, Investor & Public Relations Manager
Or visit our website at www.wentworthresources.com
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