sharing in governance of extractive industries
Production sharing models commonly used in the distribution of benefit in foreign involved appraisal and exploitation of mineral resources in developing countries are not fair because they deny the developing countries share of the most important profits generated.
They prescribe the developing countries shares of the lesser important revenues which generate from sales of produced minerals (often after many years of waiting for costs recovery to accomplish) and none of the most…Continue
Added by Antipas Massawe on November 21, 2013 at 20:12 — No Comments
Production sharing model in oil and gas Tanzanian Government introduced recently is not one of good options developing countries like Tanzania could have considered to pick from.
It is bad because it only prescribes Tanzania a share of the minor profits which would realize from oil and gas sales after many years of waiting for costs recovery to accomplish, and not of other more important forms of oil and/or gas profit which could start generating as soon as appraisal of oil and/or gas…Continue
Added by Antipas Massawe on November 19, 2013 at 22:17 — No Comments