Tanzania Petroleum Development Corporation

The Tanzania Petroleum Development Corporation (Swahili: Shirika la Maendeleo ya Petroli Tanzania) is the national oil company of Tanzania and owner of all licenses for energy development in the country.

The company was established through the Government Notice No.140 of 30 May 1969 under the Public Corporations Act No.17 of 1969.

It is a wholly owned Government parastatal, with all its shares held by the Treasurer Registrar.

[2] According to The Economist, "Estimates put the country’s reserves at a little over 50 trillion cubic feet of gas, a figure the government thinks may double as additional exploration wells are drilled, making them potentially a considerable potential source of revenue.

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