TANZANIA Govt, TPSF agree on natural gas exploitation
By Sylivester Domasa 20th September 2013 Involvement of Tanzanians assured The government and the Tanzania Private Sector Foundation (TPSF) have finally resolved their differences over the auction of eight natural gas blocks giving leeway for indigenous Tanzanians to own shares when the policy becomes ready in September next year. Briefing journalists after a consultative meeting between officials of the government and those of TPSF, the Foundation’s executive director, Godfrey Simbeye, said the two sides also agreed that the auction which was slated for October this year should go ahead as planned and as per the Petroleum and Exploration Act of 1980. He said the government and TPSF also agreed that the lobby should work in cooperation with the government in the course of exploitation of minerals and other sources of energy so as to ensure that more benefits accrue to the local people. In s...