Key issue: Ophir Energy’s decision to accept a $511 million buyout by Medco Energi on 30 January highlights how far its fortunes – and those of Tanzania – have fallen in the past six years.
Interfax analysis: Tanzania’s government will want to squeeze as much as it can in capital gains tax (CGT) from Indonesian oil and gas group Medco Energi’s acquisition of UK-based Ophir Energy, but deadlocked negotiations over Tanzania’s LNG project mean the country’s deepwater gas is now considered almost worthless.
Should the government...
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