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Vol 53 No 18

Published 7th September 2012


Hopes and fears offshore

Estimates of the offshore deposits are now so vast that there is major concern that bribery will affect the next round of bidding

Tanzania is raising its estimates of gas reserves to around 30 trillion cubic feet, and with them, worries about whether the anticipated flood of cash can be managed without corruption. Scandals in the energy sector have dominated the media and parliament since June, with the deputy opposition leader and Chama cha Demokrasia na Maendeleo (Chadema) member of parliament Zitto Kabwe warning that officials and politicians took bribes to grant exploration licences in the 2004/06 licensing round and are ready to do so in the next.

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