Legal reform of oil and gas law in Tanzania in relation to foreign direct investment
Abstract
The objective of this study is to analyse the law relating to exploration and
production of oil and gas in Tanzania in relation to the protection of FDI. The
analysis will be based on the international standards for the protection of FDI. Some
of these standards are contained in international instruments and some of them
have attained the status of customary international law. Examples of such standards include: Fair and Equitable Treatment (FET), Full Protection and Security
(FPS), non-arbitrariness and non-discrimination, among others. Some
international instruments to be referred to include the 1992 World Bank Guidelines
on Treatment of FDI and the CERDS.