Highlighted in this month's energy briefing is the new
Petroleum Act 2015 (PA 2015) related to upstream, midstream and
downstream petroleum activities.
This briefing does not include a detailed analysis of the fiscal
provisions of PA 2015. Our tax team will provide a further briefing
on tax aspects in due course.
BACKGROUND
The energy sector in Tanzania has historically had two key items
of legislation, namely:
- The Petroleum Exploration and
Production Act 1980 (PEPA)
- The Petroleum Act 2008 (PA
2008)
PEPA dealt with upstream petroleum matters, specifically as they
relate to 'petroleum' including oil and gas. PA 2008 dealt
with downstream petroleum matters.
The Government of Tanzania (GoT) has long
intended to update both items of legislation. There was also
recognition of a lack of legislation regulating anticipated
midstream activities.
