Madagascar Oil debacle alarms companies

The suspension of Madagascar Oil's shares two weeks after listing highlights the problems facing the transitional government, writes Paul Melly. Under the guise of a New Year courtesy call on mining and hydrocarbons minister Mamy Ratovomalala, a delegation of senior managers from oil companies active in Madagascar began to lay the ground for new development talks with the government. In mid-December 2010, Ratovomalala made operators and ..