South Africa's crucial new upstream bill set to head to parliament

14 May 2021 15:37 GMT
Updated 
14 May 2021 15:37 GMT
in 
London
South Africa’s government has given the go-ahead for the draft of its much-needed and long heralded upstream oil and gas bill to go before parliament.
According to a statement published on Thursday on the website of President Cyril Ramaphosa, his cabinet approved the submission of the Draft Upstream Petroleum Resources Development Bill to parliament.
This bill — which will replace part of the existing Minerals & Petroleum Resource Development Act — aims to provide a legislative and regulatory framework that is conducive to investments, growth and job creation.
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