Petroleum Licensing and Contracting

19. Conclusion – Essential tools in the policy process

Policy makers are also advised to use available tools such as:

  • New law, regulations and model contract, summary of fiscal terms

  • Expert support to advise governments on the process, such as development consultants and law firms

  • Attending events such as the Africa Oil and Gas Week

  • Considering local content as a differentiating factor (how to ensure that local content requirements are not an obstacle)

  • Investment Protection Treaties (for example, Double Taxation Agreements and Bilateral Investment Treaties, access to the International Centre for the Settlement of Investment Disputes)