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Would this news affect in any way the oil/gas market, and mainly...

  1. 612 Posts.
    Would this news affect in any way the oil/gas market, and mainly the decision making speed of the Tanzanian authorities?
    http://thecitizen.co.tz/newe.php?id=17640

    "It is end of an era for BP Tanzania, a major oil marketing company that has operated in the country for about a century.... "

    Interesting, BP Tanzania has been selling liquefied petroleum gas for over forty years there, used to monopolise the market till recently and has a huge market share in the retail and distribution, also has a large stake in the transit petroleum business through the port of Dar es Salaam. It is 50% government, so actually BP group is withdrawing from the venture.
    It all comes as a surprise, obviously:
    "...the deputy minister for Energy and Minerals Adam Malima was quoted by a section of the online media saying he was also not aware of the move."

    It is probably not a 'personal' but more likely a strategic move, as BP is ceasing operations in Namibia, Malawi, Zambia and Botswana.
    Still, would all that shake and move the thinks a little bit, or it's too much to ask...
 
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