Tanzania: Analysts, MP Raise Questions Over Leaked Tanzania Gas Contract

29 July 2014

Dar es Salaam/Washington — A leaked contract showing ExxonMobil and Norway's Statoil will pay Tanzania no more than 50 percent of the profits from a natural gas field in the Indian Ocean has stirred a furore in the east African country.

Politicians and citizens had expected their country would get up to 85 percent of the profits from the offshore gas field that has been under exploration since 2000. Now the headlines in The Citizen, Dar es Salaam's biggest daily newspaper, declare: "$1 billion loss: Who's Fooling Tanzanians?"

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