Speakers

Claver Nigarura

Claver Nigarura

Advocate

Partner, Rubeya & Co Advocates

Claver Nigarura is the Managing Partner at Rubeya & Co Advocates and head of Corporate and Commercial practice. Claver has more than 10 years' experience in advising clients on corporate, M&A, intellectual property, information and communications technology, banking, mining and restructuring. Claver has experience in contentious matters in the courts of Burundi. He is a  member of East  African Law Society and Burundi Bar Association.


ABSTRACT

SESSION 13:  Oil and Gas Exploration and Production Legal Framework in EAC Partner States: A Comparative View

The East African region has a fast growing economy however, the majority of the population is still lives below the poverty line. To overcome this challenge, the region can count particularly on its recently discovered oil and gas reserves. Unfortunately, oil and gas exploration is a new venture in the East African region which therefore requires skills and know-how which are inadequate. This will have an impact on the growth of this sector. East African countries could hence take advantage of the knowledge of this sector by ensuring the fiscal, legal and regulatory frameworks that are favourable to the oil and gas sector. This is especially useful when such frameworks are sufficiently understood by foreign investors.

This presentation therefore intends to inform participants about the current status of the oil and gas fiscal, legal and regulatory frameworks in East African countries. It will also outline an approach on dealing with the related challenges while maximizing the opportunities by giving greater clarity to the different laws within the region and how to navigate them. This involved review of oil and gas legislations and regulations in the region by the DLA Piper Africa Group which consists of leading business law firms in East Africa.

The group has the ability to pull together local knowledge and present it in a global context to the audience. It particularly analyzed the relevant legislations, assessed the applicable tax regime and the essential legal elements, licensing systems and highlighted the global best practice. The presentation could therefore serve as a basis for future reforms aimed at harmonizing the oil and gas sector in the region. This in turn will contribute to enabling the region to adopt a strategy that will contribute to the growth of the oil and gas sector through introduction of modern legislation which allows investors to make a return on investment and generate prosperity.