The South African government plans to relax its moratorium on issuing oil and gas exploration licences, Reuters has reported Mineral Resources Minister Gwede Mantashe as saying at a meeting.
The freeze on technical cooperation, exploration and production contracts was implemented in June this year amid a wider review of legislation related to the mineral extraction sector. Its suspension will allow existing applications to be processed and granted.
“We can’t delay exploration because we want to accelerate investment,” Mantashe said.
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