ANNOUNCEMENT 14 Aug 2014In August 2014, the government of Mozambique announced a change in the required local inputs to serve domestic customers.
NUMBER OF INTERVENTIONS
Shearman and Sterling, 19 September 2014, 'Mozambique's New Petroleum Legislation: Are Investors Ready to Hit the Gas?', Client Publication: http://bit.ly/1qpgHOG
Clifford Chance, 15 October 2014, 'New Petroleum Law: The Future of Oil & Gas in Mozambique', Briefing Note: http://bit.ly/1WRmAqW
On 14 August 2014, the Mozambican government approved the new Petroleum Law (Law no. 21/2014) which replaces the previous Petroleum Law (Law No. 3/2001). The new law enters into force on 18 August 2014 and includes various stipulations affecting the international trade flow.
Local content requirements
Among the trade restrictive policies are various national content obligations:
Set of new legal frameworks
The new Petroleum Law belongs to a set of new commodity-related regulations, such as the Petroleum Tax Law, the Mining Tax Law and the Mining Law. For the latter, please consult measure no. 10022 under Related Measures.