Petroleum Africa
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Monday, September 2, 2013
Tanzania plans to move forward on its fourth licensing round next October. The country’s minister for energy and minerals, Sospeter Muhongo, told the Daily News that despite the opposition to the oil block sale it would move forward.
Muhongo said that those opposing the allocation on the grounds that the country has no legal framework to regulate the sector, were people seeking to confuse the public.
“Nothing has changed, the exploration blocks allocation schedule remains the same.” He argued that the country has a 1960s law which established TPDC and a 1980 Petroleum Act which governs such oil and gas investments.
“Actually what we are doing at present is to improve the laws so that they can meet modern day demand. We cannot suspend the block allocation exercise because we are competing with others like Mozambique,” Muhongo said.
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