The cabinet approval on 3 August followed two years of delays as the country’s new foreign investment rules were debated by various political factions.
However, it is unclear how “final” the cabinet approval is and how close the authorities are to launching the new investment models based on IPC, similar to production sharing agreements, a modified version of the long-standing buy-back formula, and engineering, procurement, construction & finance (EPCF) arrangements.
The
