ABN – After failing to release the government and investor signed oil & gas contracts to parliament top officials were arrested this week at Tanzania’s state-owned oil agency.
The arrests followed disputes in the country over whether it is getting a fair deal for its newfound natural resources.
The east African nation hopes to be lifted to the middle-income country rank by 2030 after discovering a huge offshore gas reserve.
However the government has kept the terms of the production-sharing agreements under wraps raising suspicion over who the agreement will benefit.
Police were instructed by the Parliamentary Committee on Public Accounts to conduct the arrests of the director general of Tanzania Petroleum Development Corporation James Andelile and board chairman Michael Mwanda.
Zitto Kabwe, the parliamentary committee's chairman, said: "Transparency of contracts is fundamental for ensuring proper management of natural resources. Without transparency, no accountability."
Andelile and Mwanda refused to release 26 oil & gas contracts to the parliamentary oversight panel by the 3 November deadline.