In a bid to offer greater certainty regarding the recovery of investment costs (“ Cost Recovery ”) at the end of cooperation-contract terms, the Minister of Energy and Mineral Resources (“ Minister ”) has issued Regulation on the Third Amendment (“ Amendment ”) to Regulation of the Minister on the Mechanism for the Recovery of Investment Costs in the Upstream Oil-and-Gas Sector (“ Previous Regulation ”). [1] The Amendment addresses the following matters in relation to the Cost Recovery process:
Government Further Amends the Cost-Recovery Mechanism Transition Period for the Upstream Oil-and-Gas Sector
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