New Petroleum Law for Mocambique

The Mozambican government has approved a draft of a new petroleum law which will see communities get a slice of the country’s oil revenues. The spokesperson for the Council of Ministers, Alberto Nkutumala, said the decision was taken at a session late on Tuesday.
“Of the revenues that result from oil operations in Mozambique, a part shall go to communities that are located in areas where operations take place,” said Nkutumala. It is not yet clear what the allocation to local communities would be.

The law, which has to be approved by parliament, will also set the legal framework for environmental protection, social and economic development of the areas of exploration.

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