South African Govt (ANC scum) South Africa proposes 20% carried interest in oil and gas law


Jan‘s Advertisement
The History Reviewed Bitchute Channel
This is the Bitchute Channel where new HistoryReviewed and AfricanCrisis Videos are also uploaded to


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.

Source: https://www.worldoil.com/news/2019/12/24/south-africa-proposes-20-carried-interest-in-oil-and-gas-law



Jan‘s Advertisement
Who are we? Boers or Afrikaners? Answer from Dr Mike Du Toit
I had someone write to me about the topic of Boers versus Afrikaners. I decided to approach Dr Mike Du Toit, who was the leader of the Boeremag, and who is a professional academic who is very well versed in our history to answer this. Dr Du Toit not only knows our history in South Africa but also our history in Europe. This was his answer.

%d bloggers like this:
Skip to toolbar