Petroleum Contracts and Taxation: is East Africa Prepared?
Article from: OGEL 4 (2015), in Taxation
Summary
The challenges that are faced by gas and oil exploration and production companies in Africa are enormous, ranging from gang extortion in local communities to government regulation and taxation. The East African region (Kenya, Uganda and Tanzania) have not been traditional producers of oil and gas. However, with the recent developments in the discovery of oil and gas deposits and commercial extraction slated in the near future, these countries need to be preparing for changing manpower requirements, fiscal policies and new regulations to exploit the benefits brought about by oil and gas ...