Mon, 28th Nov 2022 07:00
RNS Number : 6981H
Aminex PLC
Aminex plc
("Aminex" or "the Company")
Ruvuma Commercial Update
On 25 November 2022, at the Tanzania Petroleum Development Corporation ("TPDC") headquarters in Dar es Salaam, the parties to the Ruvuma PSA signed an addendum to the PSA ("PSA Addendum"). The Ruvuma PSA, as with all other PSAs in Tanzania, contained profit share, royalty, and taxation rates only for oil production. The PSA Addendum sets out the relevant terms for gas production.