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Government delays deep sea gas prospecting licences

Government delays deep sea gas prospecting licences

The Tanzania Petroleum Development Corporation (TPDC) said the delay was aimed at waiting until the policy on gas is established and approved by parliament.

“It is anticipated that the roadshow schedule will start again immediately after the Parliamentary Ratification,” TPDC said in an undated statement. East Africa has been a hotbed of hydrocarbon exploration in recent years after substantial deposits of crude were found in Uganda in 2006. A recent major gas discoveries were made in Tanzania and Mozambique.

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Author: DAILY NEWS Reporter

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