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Driving Sustainable Development


  • In August 2019, the final proposal of Mozambique's local content law was approved, following five years of discussions between the government and private sector players.
  • Local participation is defined as holding up to 15% of the share capital of either an enterprise to be created between foreign and Mozambican persons, or a joint venture to be created between Mozambican persons and the companies contracted by the concessionaires.
  • Both the current Mozambican Petroleum Law and Mega Projects Law include several local content stipulations, such as mandatory registration of oil and gas companies on the Mozambique Stock Exchange; preference given to the Mozambican government by the holders of oil and gas exploration rights for the acquisition of petroleum produced in the concession area; and the requirement for concessionaires to obtain Mozambican participation in their share capital between 5% and 20%.



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MozambiqueMozambique Gas & PowerMGP2021HydrocarbonAfrican EnergyPowerSustainabledevelopmentextractive industryCrude oilexplorationMininginvestment

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