Here's some background to the TFG's Petroleum Legislation, found by following the "create a credible petroleum regime" link (
http://www.theglobeandmail.com/servlet/story/LAC.20060510.LAW10/TPStory/Business) in the Garoweonline article "resource conflict escalates over Horn of Africa" to a 10-5-06 article in globeandmail.com article.
As follows:
{Far away from the Somali government's shaky temporary base, Baidoa, a place so devastated by war and famine it is called "city of death," a dozen advisers met in a Jakarta penthouse two weeks ago to draft a legal rescue mission for the African country's vast and unexplored oil and gas basin.
Advisers to Somalia's President Abdullahi Usuf Ahmed convened the meeting in the distant Indonesian city because government offices in Baidoa are still being converted out of a former food warehouse. The African country had to go even farther to find legal experts for the session.
Flown in from Calgary to lead the extraordinary gathering was Jay Park, a partner with Macleod Dixon LLP, who is ranked among the world's top oil and gas lawyers. Mr. Park and his partner Thomas Valentine have been hired by Somalia's fledgling government to design a credible petroleum regime that can attract investors to the war-torn, but oil-rich region. If all goes according to plan, the new laws will be in place next summer.
"This is one of the poorest countries in the world, but it may be sitting on some of the greatest oil and gas treasures. We need to ensure that Somalia can take advantage of its resources without succumbing to the resource curse of corruption, conflict and violence," Mr. Park said last week in his Calgary office.........................."The changing price of oil is making a lot of governments question whether they are getting enough of the pie. The challenge is to help them find a balance between what they should get and what investors need to justify spending money on the projects," Mr. Park said.
.........................In the old days, developing nations were so starved for cash that they were content to accept fixed payments or royalties in exchange for handing oil and gas rights to foreigners. But after watching foreigners pocket most of the profits from soaring petroleum prices, many states are abandoning these so-called "concession systems" and replacing them with "production sharing," "joint venture" or "service contract" systems that give more control and profits to local governments.
Countries such as Somalia, Pakistan and Vietnam have hired Mr. Park to help them build modern petroleum laws, investment contracts and regulatory systems from scratch. .........................In each country Mr. Park's biggest challenge is to craft laws that reassure foreign investors without triggering a political backlash.}
I'd say he's done a pretty fair job on that last point...