Mozambique Oil & Gas: “INP unfit, Independent Regulatory Authority needed for the petroleum sector” – CIP report

CIP says INP unfit to supervise petroleum sector – Independence needed

Mozambique needs an Independent Regulatory Authority for the petroleum sector that has powers of supervision to guarantee that the benefits for the State are maximized, through the proper and even-handed oversight of the operations carried out by companies exploiting petroleum resources in the country, CIP said.

The National Petroleum Institute is, at present, the regulator of the sector, but clearly with only nominal independence, resulting in actions that are excessively limited in scope read more.

This site uses Akismet to reduce spam. Learn how your comment data is processed.