Comment Letter on the Revision of the Petroleum Legislation of Mozambique
The Petroleum Law No. 3/2001 of 21 February 2001 (the “Petroleum Law”) is intended to provide a sound and sustainable legal environment for the development of the oil and gas industry in Mozambique in a manner that will benefit Mozambicans. Although there is no significant commercial production from Mozambique’s fields yet, the substantial oil and gas discoveries will very likely represent the most significant opportunity for the country to develop its economy and bring prosperity to its citizens. The Petroleum Law and the Regulation Decree No.