FLORENCE, ITALY—Tanzania’s oil and gas sector is open for business and following a raft of offshore gas discoveries in the past few years, opportunities abound.
Africa's energy industry could boom in the coming years, with Mozambique and Tanzania set to emerge as new frontiers if they can attract enough badly needed investment, a report said recently.
Tanzania has awarded oil and gas exploration rights for the northern side of Lake Tanganyika to a subsidiary of French energy company Total SA, its state-run petroleum agency said.