South African Govt (ANC scum) South Africa proposes 20% carried interest in oil and gas law
Wie is ons? Boere of Afrikaners? Antwoord van Dr Mike Du Toit
Ek het iemand gehad wat aan my geskryf het oor die onderwerp van Boere teenoor Afrikaners. Ek het besluit om Dr. Mike Du Toit te nader, wat die leier van die Boeremag was en ‘n professionele akademikus is wat baie goed ingelig is oor ons geskiedenis, om hierdie vraag te beantwoord. Dr. Du Toit weet nie net van ons geskiedenis in Suid-Afrika nie, maar ook van ons geskiedenis in Europa. Hier is sy antwoord.
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.
USA:Colin Powell: In 20 Years Whites will be a Minority in America:Is there a future for Republicans
2008: General Colin Powell the racist. Colin Powell is supposedly a Republican but what a fence-sitter he is, and like with Oprah, they all just went and supported Obama because hes black.
