BH,
"That's why Orca has had to start building local gas pipelines around Dar Ees Salaam. KEY doesn't have the money for that."
If you look at the contract Orca has you will see that spending money on assets in Tz gets them 100% credit on tax.
Ie rather than paying taxes at various rates (it depends on production) they can end up paying no tax but owning the assets... it is a pretty cool deal for those who have a longer term vision.
BH,"That's why Orca has had to start building local gas...
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