Tanzania Petroleum Development Corporation
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The corporation is headquartered at Mafuta House
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| Parastatal | |
| Industry | Petroleum and Natural gas |
| Founded | 30 May 1969 |
| Headquarters | Dar es Salaam, Tanzania |
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Key people
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J. P. Mataragio (MD) |
| Owner | Tanzanian Government (100%) |
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Number of employees
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400 |
| Subsidiaries | Petrotan Gasco |
| Website | www |
The Tanzania Petroleum Development Corporation (TPDC) (Swahili: Shirika la Maendeleo ya Petroli Tanzania) is the national oil company of Tanzania and owner of all licenses for energy development in the country.[1] In the summer of 2015, the Parliament of Tanzania passed three legislative Acts dealing with energy and directly impacting TPDC: the Petroleum Act 2015, the Tanzania Extractive Industry (Transparency and Accountability) Act 2015, and the Oil and Gas Revenues Management Act 2015.[2]
According to The Economist, "Estimates put the country’s reserves at a little over 50 trillion cubic feet of gas, a figure the government thinks may double as additional exploration wells are drilled, making them potentially a considerable potential source of revenue."[3]
References
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