The committee plays an active role educating stakeholders about the IPA’s key regulatory–related issues such as contract sanctity, improved corporate governance, and fair and consistent application of the rule of law.
It also supports the IPA Board and other IPA’s committees in drafting and commenting on new laws and regulations, such as proposed amendments to the existing laws and regulations pertaining to the oil and gas industry, and on other current oil and gas legal issues.
The Committee’s objectives for 2013 are:
The IPA RAC’s objectives for 2013 are predominantly consistent with its activities in 2012. RAC will continue to perform an active advocacy role in educating key stakeholders with respect to IPA’s key regulatory issues. Contract sanctity, compliance initiatives, cost recovery and deferrals will continue to be a focus with the recent Constitutional Court decision, the revision of the Oil and Gas Law and PSC extensions likely to be a focus in 2013. RAC will continue to support the IPA Board and other IPA committees in responding to prospective and new laws and regulations including proposed amendments to existing laws and regulations.