An assessment of corporate transparency practices in oil and gas companies in Tanzania

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University of Dar es Salaam
This study conducts an assessment of transparency practices in oil and gas companies operating in Tanzania aiming at assessing transparency practices on revenue disclosure, process of awarding PSAs and its subsequent disclosure and lastly transparency practices on CSR activities. There are number of studies conducted on transparency practices in extractive industry conducted in West African countries especially Nigeria and Ghana, still there is theoretical and empirical lack of consensus on implication of improving extent of transparency on corporate performance. In addition to that, since early 2014 to date there has been ongoing debate on both members of national assembly and members of the public questioning transparency practices on major contracts in extractive industry and variance between revenue generated by the multinational companies versus payments they made towards government. With respect to that, this study conducted structured in-depth interview and focus group discussion with people charged with governance from five oil and gas companies and regulatory institutions to gather sufficient information to respond to the research objectives. The result of the study indicates that, most of oil and gas companies operating in Tanzania provide limited disclosure of information concerning the revenue generated and CSR activities instead the information are sent in their parent company for audit purpose and then published in their group sustainability report outside Tanzania. Furthermore, it was found that major contracts are not disclosed due to confidentiality clause and excuse that they contain delicate commercial information that, if revealed, would jeopardize their ability to be competitive. Nevertheless, it is recommended that all stakeholders involving in oil and gas operations in Tanzania should meet and discuss on how they can improve transparency in their operations especially on areas concerning revenue, contracts and CSR activities. Also, the government should enlarge power of TEITI in addressing transparency issues.
Available in print form, East Africana Collection, Dr. Wilbert Chagula Library, Class mark (THS EAF HD 9490.A4T34C66)
Gas and Oil leases, Oil industries, Gas Companies, Tanzania
Constantine, L (2017) An assessment of corporate transparency practices in oil and gas companies in Tanzania.Master dissertation, University of Dar es Salaam, Dar es Salaam.