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The National Oil Company of Tanzania, wholly owned by the Government of Tanzania, with all its shares held by the Treasury Registrar. TPDC was established through the Government Notice No.140 of 30th May 1969 under the Public Corporations Act No.17 of 1969 as amended.
The Petroleum Act, 2015 has given the TPDC mandate to undertake Tanzania's commercial aspects of petroleum operations in the upstream, midstream and downstream and participating interests of the Government in the petroleum and natural gas agreements. TPDC has exclusive rights over the natural gas midstream and downstream value chain. Further, it can authorize any other person to undertake regulated activities, particularly those to which TPDC has exclusive rights.

For effective carrying out specific petroleum operations as stated in the Petroleum Act 2015, TPDC formed two subsidiary companies; Gas Supply Company Limited (GASCO), responsible for operations and maintenance of the National Natural Gas Infrastructure (NNGI) and TANOIL Investments Limited, which undertake oil trading business.
TPDC and its subsidiaries has a combined workforce of over 350 people.

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