Draft bill ensures the state will have a share in oil and gas projects
The government has outlined details of a draft bill in parliament that will regulate the petroleum and gas sectors
13 September 2019 - 13:01
A draft bill dealing with the regulation of the oil and gas sector proposes that the state get a 20% free-carry share in these enterprises.
The state interest in these projects will be held by a state-owned enterprise (SOE) and the state will also have representation on the boards of petroleum companies. Provision is also made for the state to have reserve blocks for national development imperatives...
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