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Creecy grants rights holders extension to comply with financial regulations

Creecy grants rights holders extension to comply with financial regulations
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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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