PET SEC REFORM

closed

The project aims at enhancing the efficiency of the economy through support to key reforms and infrastructure in an important sector. The specific objectives of the project are to: (a) open up the petroleum sector to private sector participation and create an appropriate framework for a competitive environment; (b) support the basic infrastructure investments required to increase operational efficiency and to attract private operators and investors; and (c) develop institutional capacity for the efficient regulation of the sector. The project includes the following components: (a) liberalization and support to privatization of the petroleum sector; (b) rehabilitation and support to privatization of the existing petroleum refinery at Toamasina; (c) basic improvement in the petroleum storage and transport infrastructure; (d) construction of a new petroleum loading/unloading facility at the port of Toamasina; and (e) a program to promote the use of liquified petroleum gas (LPG) by residential households.