THE government has received 1.27bn/- in dividend from
Speaking shortly after receiving the cheque on behalf of the government at the Treasury office in Dodoma at the weekend, the Permanent Secretary to the
"This dividend from TIPER will help the Government to fill in gaps in the budget given the fact that we did reach our target in terms of revenue collection. We will channel this money to sectors which need it most. The distribution will be according to 2013/2014 budget allocations," he said.
He applauded TIPER management for the best performance which has made the company to continue making profit, create jobs and ensuring the country has enough oil reserves.
While handing over the cheque, the TIPER Managing Director, Mr
"The year 2013 was the best ever experienced by TIPER in terms of financial performance with 8.8bn/- pre-tax profit and we paid 2.74bn/- tax.
"TIPER is committed to invest in ultra-modern storage facility that will ensure petroleum products are readily available for small and big users," Mr Beilar said.
He said TIPER has invested
The Chairman to the Board of Directors of TIPER, Professor
"TIPER paid 1.3bn/- in 2009, 1bn/- in 2010, 2bn/- in 2011 and 2bn/- in 2012 respectively," he said.
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