Oil and gas investment : Madagascar ranked 2nd best destination in Africa by Hotel★★★ Gourmet restaurant Coco Lodge Majunga.
Oil and gas investment : Madagascar ranked 2nd best destination in Africa by Hotel ★★★ Gourmet restaurant Coco Lodge Majunga.
After Mauritania, Madagascar is the second most attractive country for oil and gas investment. Our direct competitors are far from the podium : Kenya at the 9th place and Mozambique in 10th place.
This classification was established by Africa Oil & Power, an initiative of Africa Branding Corporation, supported by Centurion, a group leading pan-African Advisory commercial and legal, equipped with a complete experience in oil and gas law. As such, the big island will be among the first guests of the inaugural conference Africa Oil & Power, held the 6 and 7 June 2016 in South Africa. The object of this conference will be to maximize networking and opportunities for transactions for selected countries, including Madagascar. And after the classification report, tax conditions, incentives for investment and resource opportunities are among the selection factors, which make it a jurisdiction of oil and gas more or less attractive.
New Code.
The presence of many companies, who announce their desire to acquire petroleum blocks in Madagascar, confirm this ranking of Africa Oil & Power. According the Minister to the Presidency in charge of Mines and petroleum, Joeli Valerien Lalaharisaina, the research done by foreign companies are still useful, because even the resources that we cannot operate today, will be in the future, with the evolution of technologies. «However»., each project exploration and exploitation must be for the benefit of the people of Madagascar "., He said. Indeed, the big island is one of the least explored places in the world for oil and gas. 15 oil companies are now in operation in the country, whose 12 Onshore on 17 oil blocks and 3 Offshore on 3 petroleum blocks. 20 blocks are therefore allocated and about 230 expect will still be tender, After the release of the new petroleum Code.
And after Shaikh Rasolomanana, Coordinator of the work of reform of the petroleum texts, the new Code will be submitted to the next parliamentary session. "The development of this Code is completed in. 90% with the participation of the Administration, private sector, civil society and technical and financial partners. Taxation and customs issues are still under discussion. The objective of this improvement involves the separation of the roles of the main actors (Department, Regulatory agency and Société Commerciale), the simplification of procedures, the attractiveness, specific provisions on types of hydrocarbons, the standardization of practices and the accuracy of the texts. If there was 99 blogs in Act 96-018, the new Code will approximately have 200 », He explained.
by Hôtel★★★ Restaurant gourmand Coco Lodge Majunga.
