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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.
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.
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.
The previous rate of 12.5% paid by oil and gas companies for federal drilling rights had remained unchanged for a century. ... news that the Biden administration is acting on this today ...
The law defines means of exploiting, protecting, and developing such wealth in the interests of the state, its security, and economy." [104] Energy taxes are also specifically allowed; Article 20 of the basic law states, "Taxes and fees are to be imposed on a basis of justice and only when the need for them arises. Imposition, amendment ...
About 10% of the nation's oil and gas comes from drilling on federally owned land. An oil and gas industry trade group warned that higher costs to extract fuels from federal lands could boost U.S ...
President Biden announced an 11th-hour executive action on Monday that bans new drilling and further oil and natural gas development on more than 625 million acres of U.S. coastal and offshore ...
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 ...