Issued in 2012, the Interim Rules and Guidelines set the formula for the net income remittable
by PNCC through the joint venture companies to the national government.
Existing resources, simultaneously, should be freed up by Imposing charges on those who can afford to pay in order to concentrate social spending on those in the most desperate circumstances: "A definite scope exists - provided the criteria are sympathetically applied, and the charges easily remittable
in case of need" (1956, p.
Foreign investment by sponsoring directors will be permissible on the basis of capital being non-repatriable but dividends remittable
Annual profits should be remittable
on accrual basis, as per internationally accepted accounting standards or alternatively, expenses should also be considered only on "cash" basis, i.
Other improvements include a better definition of what is remittable
under the law, and an easier process for the extension of licence and drilling periods in areas affected by political violence.