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    OilVoice: African Oil & Gas Organisations Plan for an Upturn in the Oil Price - PwC Survey

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Summary

Many African governments are currently looking at ways to make hydrocarbon legislation more investor-friendly in the wake of the oil price drop

by: Erica Mills

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Press Notes, Africa

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OilVoice: African Oil & Gas Organisations Plan for an Upturn in the Oil Price - PwC Survey

Overall, activity in the oil & gas industry across the African continent has slowed in the wake of the declining oil price in late 2014. 'While the oil price has caused activity to drop, it has also served as a wake-up call to many African governments, which are working hard to pass favourable oil & gas legislation in order to attract investment into the sector,' says Chris Bredenhann, PwC Africa Oil & Gas Advisory Leader. Countries such as Kenya, South Africa and Tanzania have been taking a serious look at legislation currently in place with a view to making it more investor-friendly.

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