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The Tanzania Petroleum Development Corporation (Swahili: Shirika la Maendeleo ya Petroli Tanzania) is the national oil company of Tanzania and owner of all licenses for energy development in the country. The company was established through the Government Notice No.140 of 30 May 1969 under the Public Corporations Act No.17 of 1969.
The country is actively enhancing its energy mix, primarily relying on natural gas for more than half of its electricity generation and significant contributions from hydropower, with oil primarily used for backup power. [2] Tanzania has a wide range of energy resources in abundance, which are not yet fully exploited.
As of September 1 2023, the ministry has been headed by Hon. Dkt Doto Mashaka Biteko, who is the Deputy Prime Minister and Minister of Energy, Hon. Judith Salvio Kapinga as the Deputy Minister for Energy and Engl. Felschemi Jossen Mramba as the Permanent Secretary.
Tanzania has proven natural gas reserves of 57 trillion cubic feet, [5] with at least 49.5 trillion cubic feet of those reserves far offshore in the Indian Ocean. [6] The government of Tanzania through the Tanzania Petroleum Development Corporation, in partnership with the BG Group (a division of Shell), Equinor, ExxonMobil, and Ophir Energy, plans to build an onshore liquefied natural gas ...
The previous rate of 12.5% paid by oil and gas companies for federal drilling rights had remained unchanged for a century. ... The new royalty rate codified by the climate law is expected to ...
The state can agree with the licensees to take it in kind or in cash. This arrangement applies to both crude oil and to natural gas, both in concessionary and contractual license systems. Production shares. The body of a production sharing contract layouts the production share between the contractor(s) and the state or its state-owned oil ...
Tanganyika Law Society; Tanzania media service Act, 2016; Tanzania Media Service Act, 2016; Tanzanian nationality law
Songo Songo Gas Plant. The Natural Gas Revenue Fund (NGRF) is the sovereign wealth fund of Tanzania launched in 2015 after the enactment of a bill by the National Assembly. [1] [2] It manages the revenue accrued from the sale of its natural gas. As of April 2014, Tanzania has a recoverable gas reserve of 43.1 tcf. The fund is managed by the ...