Energy companies want clarity on state's share grab
11 December 2015 - 02:24
Oil and gas companies have been left in limbo as parliament stalls on passing laws that would give the state a 20% free stake in all new energy ventures and enable it to buy an unspecified additional stake. Parliament approved the Mineral and Petroleum Resources Development Amendment Bill last year but President Jacob Zuma has yet to sign it into law because, he said, it might violate the constitution.
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