08
Oct
Patience Makwele Members of parliament have questioned whether the Petroleum (Exploration and Production) Amendment Bill provides sufficient safeguards for state revenue as it proposes transferring several powers from the minister of industries, mines and energy to the President. The debate centred on the proposed establishment of an Upstream Petroleum Unit (UPU) in the Office of the President and changes to powers over royalties, petroleum licences, local content and environmental obligations. Popular Democratic Movement (PDM) Chief Whip Winnie Moongo said the proposed amendment to Section 63 of the Petroleum (Exploration and Production) Act raised financial concerns because the current law requires…
