Tanzania increases its ownership stake of Mnazi Bay to 40 percent
President Samia Suluhu Hassan witnesses the signing by TPDC Director General Mussa Makame and Resident Manager for M&P Exploration Production Tanzania Limited, Nicolas Engel of the agreement for the sale of Wentworth shares and the Mnazi Bay block operation contract in Dodoma on February 3, 2024. PHOTO | STATE HOUSE
Following the acquisition by TPDC after Wentworth Resources sold its 31.9 percent stake, Maurel and Prom also increased their stake from 48.6 to 60 percent after purchasing the remaining 11.9 percent from Wentworth.
