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View all search resultsThe energy minister has announced the move to undo last year’s implementation of the three-year approval process via the e-RKAB platform, which had led to overproduction and weaker oversight as well as reduced tax collection.
The firm aims to boost oil and gas production to 416,000 barrels per day (bpd) and 2,536 million standard cubic feet per day (mmscfd) in 2025, respectively, from 400,000 bpd and 2,454 mmscfd recorded last year.
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