Close
South Africa takes a step closer to establishing a National Petroleum Company
MRA Online

South Africa takes a step closer to establishing a National Petroleum Company

Call for comments on draft bill

SOUTH AFRICA: South Africa’s intention to establish a National Petroleum Company (NPC) took a step forward this week with the release for comments of the Draft South African National Petroleum Company Bill. Interested parties have until 13 December to make submissions on the Bill.

The aim is to transfer resources and assets from the South African Gas Development Company (IiGas), Strategic Fuel Fund (SFF) and Petroleum Oil and Gas Corporation of South Africa (PetroSA) to South African National Petroleum Company.

According to the draft bill all personnel of these companies will be transferring to the NPC and receive comparative benefits.

It is envisaged that the NPC will generate funds from licences related to exploration and production activities as well as from technical, commercial, engineering or other services rendered to external parties.

Comments can be emailed to Ms Stella Mamogale at representations@dmre.gov.za by no later than Wednesday, 13 December 2023.
 

Print
157
image

Subscribe to newsletter

You can change your mind at any time by clicking the unsubscribe link in the footer of any email you receive from us. We will treat your information with respect. You agree that Maritime Review may process your information in accordance with its terms.
We use MailChimp as our marketing automation platform. By clicking below to submit this form, you acknowledge that the information you provide will be transferred to MailChimp for processing in accordance with their Privacy Policy and Terms.

CONTACT US

EMAIL:  editor@maritimesa.co.za
PHONE: +27 21 914 1157

Terms Of UsePrivacy StatementCopyright 2024 | More Maximum Media - publishers of Maritime Review Africa
Back To Top