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Sovereign Wealth Funds Briefing - Categorized | Financials, Reserve Currencies

Tanzania: Bunge to decide on gas revenues, says Minister

Posted on 11 November 2013

Parliament would decide how the country uses gas revenues through a Sovereign Wealth Fund, Deputy Minister for Energy and Minerals, Mr George Simbachawene has said. He said in Parliament that the august House would prioritise where the fund should concentrate in terms of development projects.
He also said the government has plans to give Tanzania Petroleum Development Corporation (TPDC) two wells in the Indian Ocean so that it also fully gets involved in exploration for gas and oil………………………………………..Full Article: Source


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