Mozambique - The latest petroleum operations regulation: What effectively changed?

Mozambique’s most recent Petroleum Operations Regulation was enacted by Decree no. 34/2015, of 31 December 2015 (the "New POR"). This New POR came to regulate the 2014 Oil and Gas Upstream Operations Law, enacted by Law no. 21/2014, of 18 August 2014 (the "OGUOL") and revoked the previous Petroleum Operations Regulation embodied in Decree no. 24/2004, of 20 August 2004 (the "POR").