The Future of Madagascar's Extractive Industries
HE Lalaharisaina Joëli Valérien, Minister near the Presidency for Mining and Petroleum, Madagascar
Chair: Dr Alex Vines OBE, Research Director, Area Studies and International Law; Head, Africa Programme, Chatham House
In 2015 the government of Madagascar granted Madagascar Oil a 25-year license for commercial extraction. It is the first company to receive approval for development of an oil block and many other firms currently exploring will seek to follow suit. The remoteness of exploration sites, infrastructure shortfalls, and import and political barriers have previously hampered the sector. It is hoped that the landmark approval will open the way for new investment not just into the industry, but across the economy.
At this event, the speaker will discuss the importance of the sector to Madagascar’s development aims, critical challenges facing the sector and his vision for the governance of Madagascar’s extractives sector.