How Local Content Partnership is a Key to Successful Operation in the Oil and Gas in Tanzania
As part of the Government of the United Republic of Tanzania directives to the Multi-National oil and gas companies operating in Tanzania to fully involve indigenous participation in the oil and gas industry, as a way of technology transfer and development of local content.
“Local content” typically refers to local recruitment, training, and purchases of local goods and services.
By increasing the local content of their oil and gas projects and operations, companies can help develop the local infrastructure and skills of communities from which they operate and recruit.
Developing local content projects also meet the expectations of the host countries where locally sourced workforce, goods, and services can help stimulate the economy, build industrial capacity and allow skills transfer in areas most in need of investment.