Bloomberg: ANC Seeks South Africa Oil Law Clarity to Ease Energy Crisis

South Africa’s ruling African National Congress urged the government to approve planned changes to oil and gas laws to help speed up investment that can help resolve power shortages.

Companies won’t spend on drilling exploration wells unless there’s an “enabling environment,” which includes clarity of the legislation governing the industry, Enoch Godongwana, chairman of the ANC’s economic transformation committee, said in an opinion article published in the Johannesburg-based Business Report on Tuesday. Policy certainty can help unlock investment in gas projects to ease South Africa’s energy crisis, he said.

Read the full article HERE.