SA to introduce new oil and gas law after 2019 polls | Fin24
 
Loading...

SA to introduce new oil and gas law after 2019 polls

Nov 29 2018 10:12
Paul Vecchiatto, Bloomberg

South Africa will introduce new oil and gas laws after elections next year, said Mineral Resources Minister Gwede Mantashe.

"We will make sure that it will be one of the first laws to be processed in the new parliament after the elections," he said in Cape Town on Thursday.

The process of approval of exploration applications will be completed in terms of the current mineral and petroleum law.

The oil and gas sector must advance black economic empowerment, especially at the operational level, he said.

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER

NEXT ON FIN24X

 
 
 
 

Company Snapshot

Voting Booth

Do you support a reduction in the public sector wage bill?

Previous results · Suggest a vote

Loading...