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South Africa
Petroleum Bill maintains 20% carried interest for state in all projects despite oil firms' protests

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Energy minister Gwede Mantashe.
Energy minister Gwede Mantashe. © Cornell Tukiri/EPA/Newscom/MaxPPP

As expected, the final draft of the Petroleum Bill provides for the state to have a carried interest of 20% in oil permits. Energy companies are hoping to get the National Assembly, which will examine the bill over the next few weeks, to modify this provision.

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