Tanzania’s Oil and Natural Gas Sector Offers Major Investment Opportunities



The Director General of the Petroleum Upstream Regulatory Authority (PURA), Charles Sangweni, has said that Tanzania’s oil and natural gas sector presents vast and attractive investment opportunities, urging stakeholders in the industry to seize the available prospects.

Eng. Sangweni made the remarks on May 14, 2026, in London, United Kingdom, while delivering a presentation on investment opportunities in Tanzania’s oil and natural gas sector during the African Energy Summit.

During his presentation, Sangweni highlighted several opportunities available, including investment in open oil and gas exploration blocks. He explained that key preparations ahead of the licensing round for the blocks have already been completed.

“What remains now is the approval of the Model Production Sharing Agreement (MPSA). Once the MPSA is approved, the licensing round process for the blocks will begin immediately,” said Sangweni.

He further noted that various datasets related to the open blocks are available for investors to access and purchase for evaluation and investment purposes. The data includes magnetic, gravity, 2D and 3D seismic data, as well as well information.

In addition, Sangweni said there are opportunities for investors to partner with the Tanzania Petroleum Development Corporation in developing the Lindi–Mtwara, Eyasi-Wembere, North Mnazi Bay and West Songo Songo blocks, where TPDC has continued carrying out oil and gas exploration activities.

He added that the ongoing implementation of various upstream petroleum projects, including the natural gas production drilling project in the Mnazi Bay Block in Mtwara Region, has continued to boost investor and stakeholder confidence in Tanzania’s energy sector.

“The Government has continued taking various measures to improve the investment climate in the country, which has further strengthened confidence among both local and foreign investors to invest in Tanzania across different sectors, including oil and natural gas,” Sangweni said.

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