[h=1]The largest European oil producer, Royal Dutch Shell plc (Shell) and the Revolutionary Government of Zanzibar have signed a Memorandum of Understanding (MoU) on exploitation of gas and oil recently discovered in the Isles.
The MOU describes in particular the initial activities related to Oil and Gas capacity building and Youth Development activities supporting the development of skills amongst Youth, including educational initiatives and entrepreneurial skills and capabilities.
Shell holds at least four exploration licenses off Zanzibar and is working with Petroleo Brasileiro SA (PETR4), according to Tanzania Petroleum Development Corp.
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Experts said in the past that the problem comes up when it relates to investing in Zanzibar or within its territorial waters, where Zanzibar authorities want a separate agreement with investors, whereas the latter want a single agreement covering Tanzania as a whole.
Lengeri
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Kwa jinsi ulivyotiririka kwanza inaonesha wewe si cuf