Reuters: Tanzania Receives Five Bids for Oil, Gas Blocks

Tanzania, a hotspot for natural gas exploration, has received five bids for just half of the eight oil and gas blocks it offered in its latest bidding round, its upstream regulator said on Wednesday.

Tanzania, which has made big discoveries of natural gas off its southern coast, had offered seven deep-sea offshore blocks and one block in Lake Tanganyika.

China's top offshore oil producer, CNOOC Ltd, and Russia's state-run Gazprom were among companies that submitted bids for the blocks on offer in the fourth round.  MORE