Tag Archives: SacOil Vice President Jordaan Fouche

Malawi’s new oil and natural gas laws debate resumes; revised policy ready November

LILONGWE-(MaraviPost)– Malawi in the past week revamped the debate to have the new law that guides the extractive industry particularly on oil and natural gas.

This comes as the country is using outdated 1983 Petroleum Act, which is not meeting the current needs in the sector.

The release of the revised Petroleum Policy, though delayed, is now expected to take place in November this year.

Some 60% of designated acreage, divided into six blocks, lies on land adjacent to Lake Malawi, with several already allocated under regulations promulgated in 2009. Continue reading Malawi’s new oil and natural gas laws debate resumes; revised policy ready November