South African govt coffers could get over R8bn a year from TotalEnergies field – regulator

TotalEnergies' 11B/12B offshore field could make a direct annual contribution of at least R8-billion to South African government finances, the country's petroleum regulator said on Thursday. "That is not just the overall GDP contribution but is the direct fiscal contribution from the royalties as well as the primary taxes," Phindile Masangane, CE at the Petroleum Agency of South Africa, told delegates at an oil conference.

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