Tanzania’s parliamentary standing committee on energy and minerals has challenged the government over the dominance of foreign companies in the production of natural gas, a worrying development, notes Oil.com.
Not only is the committee challenging the dominance of foreign companies, but they are calling for measures to be taken to favour local companies, an idea that is gaining momentum. The main hurdle to more local involvement, however, remains the high cost of exploration, which makes it difficult for local companies to compete.
The same people are urging the government to repossess mining sites awarded to foreign companies in cases where development has not proceeded as planned.
No comments:
Post a Comment