Tanzania orders review of all oil and gas exploration contracts

Photo
 Tanzania's energy minister has ordered a review of all contracts with oil and gas exploration companies by November 30, saying some were not in the country's interest and should be revoked, adding to measures already under way to overhaul the country's energy policy, newspapers reported on Sunday.
Earlier in September, state-run Tanzania Petroleum Development Corporation (TPDC) delayed a licensing round for nine deep-sea oil and gas blocks previously set for this month until a parliamentary vote on a new gas policy in October.
"Some of the agreements are really shoddy and they need to be revoked," Muhongo was quoted saying in the privately-owned Guardian on Sunday newspaper.
"I can't tolerate agreements which are not in the country's interest but they benefit a few individuals."
Newspapers reported that the nine board members were handed bags containing the 26 existing production sharing agreements and told to start work right away.[reuters]
Well its about TIME!!!