Petroleum and Liquid Fuels Sector Code

The DTI issued a Proclamation on 13th September to publicise the intention of the Department of Energy and the Petroleum and Liquid Fuels Industry to align the B-BBEE Petroleum and Liquid Fuels Sector Transformation Charter with the B-BBEE Act, the B-BBEE Codes of Good Practice and the B-BBEE Policy Framework to ultimately serve as a Sector Specific Code of Good Practice.

The next steps include:-

  • The establishment of a B-BBEE Petroleum and Liquid Fuels Sector Transformation Charter Council
  • Consultation with Stakeholders
  • Negotiation and drafting
  • Submission of a Draft Sector Code for Public Commentary and review (60 days)
  • Analysis of Comments
  • Submission to the DTI for ratification;
  • The DTI to publish Sector Code after ratification

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