1. Home
  2. Organizations
  3. Resource Governance Index ...
  4. Oil and Gas Revenue ...

Oil and Gas Revenue Management Act 2015

This document is part of the source library for NRGI's 2021 Resource Governance Index, a comprehensive measure of the quality of natural resource governance in oil, gas and mineral-rich countries. To access the full dataset and all other index resources, visit https://resourcegovernanceindex.org.

Data and Resources

Additional Info

Field Value
Sector Oil and Gas
Country Tanzania, United Republic of
Year
RGI Edition Year 2021
Topic Legislation and regulation, Open data, Revenue management, Revenue sharing, Sovereign wealth funds, State-owned enterprises, Subnational governance
Document Type PDF
RGI Sub-component
RGI Questions 1.4.1a: Are there rules governing fiscal transfers between the government and the SOE?,
2.2a: Does the central government transfer extractive resource revenues to subnational governments?,
2.2.1a: Do rules specify which subnational agencies receive the extractive resource revenues transferred from the central government?,
2.2.2a: Do rules specify a formula governing the transfer of extractive resource revenues between the central government and subnational governments?,
2.2.2b: If there is a formula governing the transfer of extractive resource revenue between the central government and subnational governments, does this formula specify the amount of revenue received by each subnational government?,
2.3a: Does the country have a natural resource fund which is funded by extractive resource revenues?,
2.3.1a: Are there numeric rules governing the size of withdrawals from the sovereign wealth fund?,
2.3.1b: Do rules require that withdrawals and spending from the sovereign wealth fund pass through the national budget?,
2.3.1c: Are there numeric rules governing the size of deposits into the sovereign wealth fund?,
2.3.3a: Is the sovereign wealth fund prohibited from investing in domestic assets without budgetary approval?,
2.3.3b: Is the sovereign wealth fund prohibited from investing in certain asset classes or investment types?,
2.3.5a: Is the sovereign wealth fund required to produce annual financial reports?,
2.3.5b: Is the sovereign wealth fund required to publicly disclose these annual financial reports?,
2.3.5c: Do rules require an external body to periodically audit the sovereign wealth fund's annual financial reports?,
2.3.5d: Is the legislature required to review the sovereign wealth fund's annual financial reports?,
5.11a: Do rules require that funds transferred to/from the sovereign wealth fund are transferred via the government's general unified account (e.g. treasury account)?
Did this document contribute to RGI scoring? Used for scoring
Are the RGI questions here tagged with law and/or practice Law
Publisher
Author
Source or API link http://nishati.go.tz/en/wp-content/uploads/2019/02/The-Oil-Gas-Revenues-Management-Act-2015.pdf
Maintainer Natural Resource Governance Institute
Maintainer Email Natural Resource Governance Institute