(DAILY MAIL) State works on Petroleum Act
State works on Petroleum ActBy NANCY MWAPE
GOVERNMENT is expected to finalise the amendments of the Petroleum Act by December or January next year. Mines and Development Minister, Kalombo Mwansa who is also the Petroleum Committee chairman, said tremendous works have been done on the amendments of the Act. In an interview, Dr Mwansa said once legal aspects on the law were completed, Government would announce the tender procedures.
He said announcing of tender procedures would enable Government select the best companies globally that could carry out further exploration works.
Dr Mwansa said the Petroleum Committee, made up of nine ministers, was last week in North-Western province looking at the sites where the samples were collected.
He added that the committee also paid a courtesy call on traditional leaders in the province to inform them on the status of exploration of oil and gas.
He stated that the committee briefed the leadership in the province on the status quo on the oil and gas blocks in the province.
The minister added that the committee explained that Government had suspended work on oil and gas exploration in order to look at the existing law before any further works could be done.
Dr Mwansa said the current law did not protect the country’s interest adequately.
Labels: OIL, PETROLEUM ACT
posted by MrK @ 6:01 AM
3 Comments:
We need to track down the draft Act and see what it says....
We don't want to find that its already law without a chance to comment on it!
I haven't found it yet, but the ERB have a very interesting website here:
http://www.erb.org.zm/
Very good find!
I'll add to the link list of Statutory bodies.
The ERB is a good example of an organisation sufficient legal capacity but suffers from lack of man power. They have all the legal capacity that others like CAZ don't have.
Incidentally ERB is responsible for allowing ZESCO to raise the charges since ERB is the ECONOMIC REGULATORS with powers to regulate prices that ZESCO charges. Unfortunately ERB is actually not very independent from Government. Although legally it is!
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