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SA PETROLEUM INDUSTRY ON HOLD?

3 February 2014
– 1 Minute Read

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Yesterday, the Minister of Mineral Resources published two notices with significant impacts on the petroleum industry. The first notice (notice 71 of 2014) provides that the existing moratorium on applications for reconnaissance permits, technical co-operation permits, exploration rights and production rights relating to shale gas in the Karoo region has been extended. However the existing applications, received and accepted before 1 February 2011, are excluded from the moratorium.