Posts by mohammad

New Natural Wealth and Resources Regulations 19 Feb 2020

New Natural Wealth and Resources Regulations The new Natural Wealth and Resources Contracts (Review and Re-Negotiation of Unconscionable Terms) Regulations, 2020 (the Unconscionable Terms Regulations) and the Natural Wealth and Resources (Permanent Sovereignty) (Code of Conduct for Investors in Natural Wealth and Resources) Regulations, 2020 (the Code of Conduct Regulations) were published in Government Notices…

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Natural wealth and resources regulations in Tanzania

The new Natural Wealth and Resources Contracts (Review and Re-Negotiation of Unconscionable Terms) Regulations, 2020 (the Unconscionable Terms Regulations) and the Natural Wealth and Resources (Permanent Sovereignty) (Code of Conduct for Investors in Natural Wealth and Resources) Regulations, 2020 (the Code of Conduct Regulations) were published in Government Notices No. 57 and 58 on 31 January 2020…

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ECONOMIC BENEFITS OF THE OIL AND GAS INDUSTRY

The growing oil and gas industry in Tanzania will have enormous economic contributions that benefit all Tanzanians. Some of the benefits are listed below. TAXES Every year, the oil and gas industry pays taxes to the government. These taxes are either in the form of profit taxes, withholding taxes, payroll taxes and other types of…

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OGAT MEETINGS – ANTI-TRUST REMINDER

The meeting participants are reminded that they may be potential competitors in certain markets, and are subject to antitrust/competition laws. OGAT members are committed to compliance with all applicable laws and regulations, including antitrust/competition laws. Any discussions are for the purpose of informing members about general oil and gas related developments in Tanzania. Discussions which…

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ANTI-CORRUPTION POLICY

The OIL AND GAS ASSOCIATION OF TANZANIA (OGAT) is a company limited by guarantee registered under the Companies Act, 2002, in the United Republic of Tanzania. OGAT’s main objects are interalia: The holding of regular meetings for the purposes of exchanging information and facilitating discussions relevant to the hydrocarbon industry in the United Republic of…

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OGAT POLITICAL DONATIONS POLICY

OGAT shall not engage in party politics, will not incur any political expenditure and will not make any form of donation to politicians, MPs, political parties or other political organisations directly or indirectly. OGAT directors and personnel shall not engage in party politics or make any form of donation to politicians, political parties or other…

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