Tanzania president Jakaya Kikwete has signed into law three pieces of legislation intended to provide a regulatory mechanism to the nations Oil and gas industry. The new oil laws include; Petroleum Act 2015, The Tanzania Extractive Industries (Transparency and Accountability) Act,2015, and The Oil and Gas Revenues Management Act, 2015. Speaking at signing, the Tanzania
Tanzania’s new oil discovery to turn Eastern Africa into world oil hub
The recent discovery of extra natural gas reserves in Tanzania could turn Eastern Africa into a world oil hub business experts have expressed optimism. Tanzania announced an increase in its gas deposits in the last 12 mouths following a number of discoveries in offshore blocks. The discovery of new Oil deposits in the East African