Investment in Madagascar Oil[url=https://https://www.thenational.ae/business/industry-insights/energy/omv-buys-stake-in-madagascar]OMV buys stake in Madagascar.[/url]
Elections scheduled for next month have given hope to investors that a new leadership could give the hydrocarbons industry the stability it needs. But election-watchers are also wary that a shortage of funds and time to carry out the United Nations-assisted elections could risk the credibility of the results. "It's often a series of start and go, and two steps forward, one step back," said Ms Velempini. But the entry of OMV "definitely signals more of increased investor attention on Madagascar, given early indications that there could be a decisive resolution to the crisis. Understandably, investors are looking to new key markets in the Indian Ocean, and Madagascar could be one of those".