Petroleum Africa
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Monday, January 11, 2016
The petroleum and mining industries should expect to see new rules from Madagascar by late-2016 or early-2017, as the country looks to pass its new mining and petroleum code.
At an investment conference in London, the president of the island nation, Hery Rajaonarimampianina, said the government was in the process of finalizing the code.
“We are still debating all the finer details, but compared to the old one it will be an improvement across all aspects,” Rajaonarimampianina told reporters, adding it would be passed “this year or at least at the beginning of next year.”
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