Tanzania has embarked on a massive offshore oil and gas exploration project, its energy minister has said China National Offshore Oil Corporation (CNOOC) is planning oil and gas exploration off the coast of Tanzania, Bloomberg reported on Thursday. The East African country is seeking to boost development of its natural resources, the report said. The state-owned Tanzania Petroleum Development Corp (TPDC) along with CNOOC will conduct joint work on deep-sea blocks, according to Tanzanian Energy Minister January Makamba. The two companies have “an agreement in the works” to carry out seismic studies ahead of an off
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