Reuters: Tanzania President Signs Hydrocarbon Law as His Term Winds Down

Tanzanian President Jakaya Kikwete signed into law on Tuesday legislation aimed at putting in place a legal and regulatory framework to govern its hydrocarbons industry, his press service said.

East Africa has become a new oil and gas frontier after a string of discoveries that producers hope to exploit to supply Asian markets. Tanzania estimates it has more than 55 trillion cubic feet of natural gas but has yet to make oil discoveries.

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