Tanzania passes contract negotiation laws

Tanzania has passed two laws that will allow the government to force energy and mining companies to renegotiate existing contracts on projects in the country.
By Staff reporter 4 July 2017 0 26613

Tanzania has passed two laws that will allow the government to force energy and mining companies to renegotiate existing contracts on projects in the country, according to a report from Reuters.

The new laws could affect the 10 mtpa Tanzania LNG plant, which is being developed by Shell, Statoil, ExxonMobil and Ophir Energy.

Tanzanian President John Magufuli has taken a hardline approach to investors in the country, which is one of the reasons why Tanzania LNG has taken longer than expected to progress through the...

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