 |
Mainland Area: |
945,087 Square Miles |
| Population: |
Approximately 37 million |
| Government: |
Democratically elected republic |
Untapped Potential
Tanzania has been intermittently explored over the last 50 years with most multinational petroleum companies being present, at one time or another. So far only 35 exploration and development wells have been drilled in 280,000 square kilometres of hydrocarbon potential sedimentary basins.
Doing Business in Tanzania
The Government of Tanzania is encouraging the oil & gas upstream sector to produce local resources to reduce Tanzania’s reliance on imported petroleum products. Artumas management has established strong relationships with the highest level government officials in East Africa through the Company’s continuing commitment to its gas-to-electricity business plan. These relationships, combined with the Company’s knowledge of the region and its ability to address some of the energy challenges there, allow Artumas to operate successfully in the area.
Investment Climate - Tanzania offers:
- Competitive Investment Climate
- Large Potential Market
- Abundant Natural Resources
- Infrastructure Facilities
- Peace and Stability
- Fiscal Governance
- Investment Guarantees
- Transparent Investment Laws
- Investment Incentives