Call for public comments on the South African National Petroleum Company Bill extended
The call for public comments on the draft South African National Petroleum Company (SANPC) Bill published in government gazette no. 49711 of 13 November 2023, has been extended to 15 January 2024.
The Bill aims to establish the SANPC, ensure proper governance as well as to consolidate and transfer assets of the company in line with the relevant legislation, with the Minister as the sole shareholder of the company.
The SANPC will be the state’s energy champion and facilitator of energy infrastructure across the energy value chain. Its functions will include but not limited to managing the state’s exploration and production rights, interest acquired and exercised in terms of the Upstream Petroleum Resources Development Act; ensure that petroleum resources are developed in a sustainable manner to the best interest of the people of South Africa.
The Bill outlines various aspects that will ensure the proper functioning of the company, which include cooperative governance, functions of the board, and funding of the company, amongst others.
Interested and affected parties are invited to submit written comments on the Bill on or before 15 January 2024 by email to: representations@dmre.gov.za or by hand / post:
70 Mentjies Street
Sunnyside or Private Bag X59
Arcadia
0001 0007
The draft SANPC Bill can be accessed from: https://www.gov.za/sites/default/files/gcis_document/202311/49711gon406…
For enquiries: mediadesk@dmre.gov.za
