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HOW CAN TANZANIA & EAST AFRICA MANAGE PETROLEUM REVENUES FROM DISPUTED AND TRANSBOUNDARY AREAS.

HOW CAN TANZANIA & EAST AFRICA MANAGE PETROLEUM REVENUES FROM DISPUTED AND TRANSBOUNDARY AREAS

Governance

TmapbidblocksManagement of petroleum resources or revenues from ‘trans boundary or ‘disputed’ areas has always been an issue of controversy in most petroleum resource rich countries.  It is a source of disputes and a challenge to investors, planners and policy makers when parties or Countries fail to agree amicably on the ownership of these resources and revenue sharing mechanisms for resources from these areas.  Trans-boundary resources are also called ‘common’ or shared resources.

In Tanzania and the wider East Africa region management of resources in ‘potentially contestable areas’ and ‘trans boundary’ areas is becoming a major challenge as some of the petroleum resources are found closer or along the boundary areas. It will be even more challenging in the nearby future as the gas and oil starts flowing.  If not addressed it will be a big hindrance to investment and development of the petroleum sector. In Tanzania, currently there is no concrete and pragmatic approach to addressing this challenge. In this extended article we try to analyse the challenge facing Tanzania and the East African region in general and propose some possible options that could be pursued to address this problem. You can read more via: http://www.gepc.or.tz/?post_type=work&p=597

 


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