OIL AND GAS BILL

Thursday, January 24, 2013
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There are many substantive amendments proposed in the Bill which impact on the oil and gas industry. We provide a brief summary of a few of the key amendments below. Among the numerous far reaching changes. In our view the implications of the Bill are far-reaching and may have potentially serious consequences for the upstream oil and gas industry in South Africa. All stakeholders are urged to comment on the Bill to ensure that the amendments promote sustainable economic growth and mineral and petroleum resources development in the Republic as contemplated in the objects of the Mineral and Petroleum Resource Development Act.

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