Malawi’s long-delayed new hydrocarbon policy is due to be unveiled in November ahead of the publishing of a revised Petroleum Act by December 2018, two important steps towards bolstering upstream investment in the southern African country.
A draft of the policy document, released in the summer, called for more exploration in the country, noting the lack of reliable data has created uncertainty and discouraged investment.
Investors are less likely to risk exploration capital in a largely unknown and poorly developed legal and institutional setting, added the draft.
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