South African Govt (ANC scum) South Africa proposes 20% carried interest in oil and gas law
(005320.38-:E-003569.93:N-HO:R-SU:C-30:V)
JOHANNESBURG (Bloomberg) – South Africa published a long-anticipated draft of oil and gas legislation that will give the state a 20% carried interest in exploration and production rights, with the aim of increasing development of the industry.
The policy also calls for at least a 10% participating interest by black partners and the establishment of a Petroleum Agency, according to a draft published Tuesday by the Department of Mineral Resources and Energy in the Government Gazette.
The bill separates rules for the petroleum resources sector from laws that apply to mining exploration. Companies including Royal Dutch Shell Plc have slowed activity in recent years, citing legislative uncertainty. Finalizing the oil law has also become more urgent since Total SA announced the first significant deep-water discovery off the coast of South Africa in February.
South Africa will have a right to a 20% carried interest that “shall not be recoverable at exploration and appraisal stage,” according to the draft. “The holder of a production right shall recover development and production costs from the proceeds generated from production operations as prescribed.”
Interested parties have until Feb. 21 to submit comment on the draft bill.
Lots of Photos: NAZI Gassings!!
This is a link to the Wayback Machine where you can see a wonderful old website with mountains of photos and articles about the enormous Jewish hoax of the holocaust. NAZIGASSINGS was a wonderful little website in it‘s day. You can still see many photos and stories on this page.
Anti-White Jews: 600-plus Jewish groups sign full-page ad supporting Black Lives Matter
More than 600 Jewish groups signed a full-page New York Times ad in support of the Black Lives Matter movement.
22 Reasons why Adolf Hitler was a GOOD GUY!
Jews have been lying to you all your life about Adolf Hitler. He was the good guy. Here are the truths about Hitler you were never told.
