Tanzania to pick winners of oil, gas bids before year-end
* Says finalising evaluation of bids
* Statoil, ExxonMobil, Gazprom among bidders
* Raises gas reserve estimates to 53.2 tcf from 46.5 tcf
By Fumbuka Ng'wanakilala
DAR ES SALAAM, Oct 17 (Reuters) - Tanzania is in final stages of evaluating bids for oil and gas blocks it offered in its latest bidding round and plans to pick the winners before the end of this year, its upstream regulator said on Friday.East Africa is a new hotspot in hydrocarbon exploration after substantial deposits of crude oil...
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Tanzania to lose up to $1b under StatOil PSA: Open these Oil and Gas Contracts
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Zitto Kabwe, MP
When news of the leaked Production Sharing Agreement (PSA) between Tanzania Petroleum Development Corporation (TPDC) and Norweigean State Company StatOil came out through social networks, the discussion was muted. When a blogger Ben Taylor wrote a brief about it, some of us saw how serious the issue is. According to the article...
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The chief secretary to the Tanzanian president, Ombeni Sefue, wants to set up a high-level team of negotiators to try to compensate for Tanzania's a lack of specialists in oil contracts and the inexperience of new staff at the Tanzania Petroleum Development ...
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