Abstract:

According to the International Monetary Fund's (IMF) Country Report No. 14/121  May 2014, Tanzanian government could be looking at peak of USD 5-6bn revenue (resource blessings) each year between 2029 and 2044 from natural resources (oil and gas) revenue. However, there are challenges associated with the nature of contracts/agreements entered with international companies there is a likelihood that, if not properly negotiated may end up into resource curse .Resource blessing has been studied by number of researchers, however, most of the study analyses resources blessings associated with good administration of natural resources such as lack of corruption, strong rule of law and financial system. However this paper considers blessings in relation to the root cause which is contract formation, stressing on negotiation. The study draws attention on the importance of contract negotiation in relation to natural resource blessings or benefits in Tanzania. The study explores ho...