Oil and gas bill sticks to state’s 20% carried interest
The bill provides the legislative and regulatory framework and clarity required by potential investors
17 May 2021 - 19:24
Certainty for SA’s fledgling oil and gas sector is on the horizon as the redrafted oil and gas legislation got the nod from the cabinet and now heads to parliament.
The Upstream Petroleum Resources Development Bill has been many years in the making and has been keenly anticipated since French multinational Total made two big gas discoveries off the SA coast. The sector is buzzing over the prospect of further finds...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.