Petroleum Bill maintains 20% carried interest for state in all projects despite oil firms' protests

Energy minister Gwede Mantashe.
Energy minister Gwede Mantashe. © Cornell Tukiri/EPA/Newscom/MaxPPP
As expected, the final draft of the Petroleum Bill provides for the state to have a carried interest of 20% in oil permits. Energy companies are hoping to get the National Assembly, which will examine the bill over the next few weeks, to modify this provision. [...] (429 words)
Issue dated 21/06/2021 Reading time 2 minutes
This article may be accessed by subscribers and e-wallet holders (USD 12.50)

2 options offered to continue reading
e-wallet

from EUR/USD 50

Only buy articles you are interested in

ANNUAL SUBSCRIPTION

Unlimited access to the website

See our rates

Do you want a free trial before subscribing?


Create your free account

Further reading

New: Sign up for real-time alerts and be notified of new editions!  

Once registered, you will be notified by a short message on your computer or mobile phone as soon as a new edition of our publication or an alert is published. Stay informed anytime, anywhere!