LCPS and LPA Launch a Policy Dialogue with Experts to Consult over the Oil and Gas Sector
The LCPS and the LPA discussion group recommend six actions to develop the petroleum sector:
  1. The government must approve the two decrees as soon as possible so the bidding process is not further delayed
  2. There is a need to develop a mechanism to monitor the costs incurred by International Oil Companies once the exploration begins
  3. The government must estimate the domestic energy needs for the next 20 years so it can use this as a basis for negotiation with international oil companies
  4. The government must develop health and safety regulations
  5. The government must develop an industrial plan to encourage the creation of a new energy intensive sector to create jobs
  6. There is a need to reform the educational institutions to further develop human resource skills.

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