Mineral Resources and Energy Minister Gwede Mantashe.
Minerals and Energy Minister Gwede Mantashe on Tuesday published a bill to establish the SA National Petroleum Company, which will be done through the consolidation and merger of the oil and gas companies it already owns.
The new entity, also under full government ownership, will also house any stakes that may be acquired by the government in private oil and gas exploration entities in the future.
South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we’re about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.