...it's all about the petroleum field in Tanzania.

Government advised to review oil, gas search pacts


Government advised to review oil, gas search pacts

Government advised to review oil, gas search pacts

Chief Executive Officer of Swala Oil and Gas Company, Dr David Mestres Ridge, advised the government to fast-track oil and gas exploration in the country. “The government should be sensitive to challenges faced by the exploration and production companies.

“Although the oil and gas sector has had a steady growth over the years, the sector had already spent a fortune in the exploration and therefore, needs some consideration especially in the payment of taxes more so for those companies that have not yet made any discoveries,” Dr Ridge explained.

“The oil industry has so far invested over 1 billion US Dollars in exploring for oil and gas in Tanzania and not made anything like that in return.” “It will need to invest another 20 billion US Dollars before it can start producing offshore gas.

That first 1 billion US Dollars has resulted in the discovery of gas resources that could represent a significant return to the country”, said Dr Ridge.

Dr Ridge said that they understand that the nation needs tax but thinks that it is counterproductive to tax operations if by taxing them, they are delayed or made more expensive: the returns from operations will dwarf any revenues that the country may make from the current tax regime and it is that we should be encouraging.

Read also:7-ways-to-make-money-in-Tanzania-oil-and-natural-gas-industry

He said that though he fully supported the government’s desire to encourage more investors into all sectors of the Tanzanian economy, there were already investors entrenched in the country like Swala ‘who should be looked after’ if others were to follow.

Dr Ridge added that as a company listed on the Tanzanian Stock Exchange with Tanzanian DNA, Swala desired to be treated as such over and above other ‘foreign’ companies.

Also Read:2-reason-why-East-African-oil-and-gas-industry-could-change-global-energy-market

The CEO also cited little or no corresponding dissemination of information about the role of oil and gas exploration companies to the public as recipe for un-called-for public suspicions that is directed at the investors.

This notion, he said, disregarded the fact that over the years, investors have sank in over USD 1billion in exploration and more than USD 20 billion is needed to complete profitable mining.



Add a Comment
  1. I simply want to mention I’m all new to weblog and definitely enjoyed this website. Most likely I’m going to bookmark your website . You amazingly come with superb stories. Kudos for sharing your blog site.

  2. Thanks for sharing superb informations. Your web-site is very cool. I’m impressed by the details that youЎ¦ve on this blog. It reveals how nicely you perceive this subject. Bookmarked this website page, will come back for more articles. You, my pal, ROCK! I found simply the info I already searched all over the place and just could not come across. What an ideal site.

  3. Pretty section of content. I just stumbled upon your weblog and in accession capital to assert that I acquire in fact enjoyed account your blog posts. Any way I’ll be subscribing to your augment and even I achievement you access consistently quickly.

  4. I have been browsing online more than 3 hours today, yet I never found any interesting article like yours. It’s pretty worth enough for me. In my opinion, if all website owners and bloggers made good content as you did, the internet will be a lot more useful than ever before.

  5. I am no longer certain where you’re getting your information, but great topic. I needs to spend some time learning much more or working out more. Thanks for magnificent info I used to be looking for this information for my mission.

  6. I would like to show appreciation to this writer for bailing me out of this challenge. As a result of browsing through the the web and finding recommendations that were not powerful, I figured my life was gone. Being alive devoid of the solutions to the problems you have sorted out all through the guide is a critical case, and the kind that would have badly damaged my entire career if I hadn’t encountered the website. Your main knowledge and kindness in playing with the whole lot was invaluable. I don’t know what I would have done if I had not come upon such a thing like this. I can now look forward to my future. Thanks a lot so much for your professional and results-oriented guide. I won’t hesitate to suggest your web site to any individual who needs and wants direction about this situation.

  7. I went over this site and I believe you have a lot of fantastic info, bookmarked (:.

  8. May I simply say what a relief to discover a person that actually understands what they’re talking about on the net. You definitely understand how to bring an issue to light and make it important. More people must check this out and understand this side of your story. It’s surprising you’re not more popular given that you certainly have the gift.

  9. I will gear this research toward 2 styles of All those: current Zune householders who are looking at an improve, and persons making an attempt to make a decision involving a Zune and an iPod. (There are other avid gamers relevance considering out there, including the Sony Walkman X, nevertheless I assume this features you adequate details in the direction of deliver an knowledgeable final decision of the Zune vs gamers other than the iPod line as well.)

  10. You actually make it seem so easy with your presentation but I find this topic to be actually something that I think I would never understand. It seems too complex and extremely broad for me. I’m looking forward for your next post, I will try to get the hang of it!

  11. hello!,I really like your writing so so much! share we keep in touch more approximately your article on AOL? I need a specialist on this area to unravel my problem. Maybe that’s you! Taking a look forward to look you.

  12. I am commenting to make you be aware of of the great discovery my daughter undergone reading through your webblog. She learned so many details, which included how it is like to have an excellent coaching mindset to let many others easily fully understand chosen very confusing things. You truly surpassed my expectations. Many thanks for rendering the essential, trusted, explanatory and as well as unique tips about this topic to Evelyn.

  13. I must point out my respect for your generosity in support of men and women that should have help with this important situation. Your very own dedication to passing the message all through was rather interesting and has in every case allowed those much like me to achieve their ambitions. This valuable publication implies this much a person like me and far more to my colleagues. Thanks a ton; from each one of us.

  14. I was just looking for this info for some time. After six hours of continuous Googleing, at last I got it in your website. I wonder what’s the lack of Google strategy that do not rank this type of informative web sites in top of the list. Usually the top websites are full of garbage.

  15. It’s a pity you don’t have a donate button! I’d most certainly donate to this fantastic blog! I suppose for now i’ll settle for book-marking and adding your RSS feed to my Google account. I look forward to fresh updates and will share this blog with my Facebook group. Talk soon!

  16. As I web site possessor I believe the content material here is rattling great , appreciate it for your hard work. You should keep it up forever! Best of luck.

  17. In between me and my spouse we have owned more MP3 players higher than the several years than I can rely, including Sansas, iRivers, iPods (classic & touch), the Ibiza Rhapsody, and many others. But, the very last number of a long time I have settled down towards one line of gamers. Why? Mainly because I was content to check out how well-designed and pleasurable in direction of use the underappreciated (and widely mocked) Zunes are.

  18. Zune and iPod: Optimum All those assess the Zune in the direction of the Contact, but following observing how slender and surprisingly reduced and light it is, I acquire it in the direction of be a really distinctive hybrid that combines characteristics of each the Touch and the Nano. It can be fairly colourful and lovely OLED screen is somewhat more compact than the touch screen, still the player alone feels Really a little bit smaller sized and lighter. It weighs relating to 2/3 as significantly, and is drastically smaller in just width and height, although remaining simply a hair thicker.

  19. certainly like your website but you need to test the spelling on several of your posts. A number of them are rife with spelling problems and I to find it very bothersome to inform the truth nevertheless I will definitely come again again.

  20. Nice read, I just passed this onto a colleague who was doing some research on that. And he just bought me lunch as I found it for him smile Thus let me rephrase that: Thanks for lunch!

  21. Wonderful beat ! I wish to apprentice while you amend your website, how can i subscribe for a blog website? The account aided me a acceptable deal. I had been a little bit acquainted of this your broadcast offered bright clear concept

  22. I as well as my pals were actually examining the good ideas located on your web site and so before long I got a horrible feeling I had not thanked the web site owner for those secrets. All the young men ended up for this reason glad to study them and have really been tapping into those things. Many thanks for simply being so thoughtful and for picking certain great information millions of individuals are really eager to discover. My personal sincere regret for not saying thanks to sooner.

  23. I am going to gear this evaluation in the direction of 2 designs of americans: existing Zune property owners who are looking at an enhance, and people hoping toward make your mind up among a Zune and an iPod. (There are other gamers worth looking at out there, together with the Sony Walkman X, but I anticipate this features you sufficient info to produce an knowledgeable decision of the Zune vs gamers other than the iPod line as perfectly.)

  24. Excellent goods from you, man. I have understand your stuff previous to and you are just too magnificent. I actually like what you’ve acquired here, really like what you’re saying and the way in which you say it. You make it entertaining and you still take care of to keep it smart. I can not wait to read far more from you. This is really a terrific web site.

  25. I do accept as true with all the ideas you’ve introduced to your post. They’re really convincing and can certainly work. Nonetheless, the posts are too brief for newbies. May just you please extend them a little from subsequent time? Thank you for the post.

  26. The Zune concentrates on getting a Moveable Media Player. Not a internet browser. Not a sport machine. Quite possibly inside of the long run it will do even improved in just people areas, nonetheless for at this time it can be a fantastic path toward prepare and hear towards your music and films, and is with no peer inside that respect. The iPod’s rewards are its internet traveling to and programs. If all those strong even further persuasive, quite possibly it is your easiest choice.

  27. I will tools this critique in the direction of 2 designs of individuals: latest Zune home owners who are contemplating an enhance, and people in america hoping in the direction of make a decision among a Zune and an iPod. (There are other avid gamers really worth looking at out there, which includes the Sony Walkman X, nonetheless I hope this offers yourself enough info in the direction of make an mindful conclusion of the Zune vs gamers other than the iPod line as well.)

  28. Thanks for publishing this awesome article. I’m a long time reader but I’ve never been compelled to leave a comment. I subscribed to your blog and shared this on my Facebook. Thanks again for a great article!

  29. The Zune concentrates upon being a Transportable Media Player. Not a website browser. Not a match machine. Maybe in the potential it’s going to do even improved inside of those areas, nonetheless for at the moment it truly is a Good way in direction of set up and hear in the direction of your music and flicks, and is without having peer in that regard. The iPod’s strengths are its internet viewing and applications. If people good far more compelling, possibly it is your suitable selection.

Leave a Reply

Your email address will not be published.

Time limit is exhausted. Please reload CAPTCHA.

Tanzania Petroleum © 2016-2017.