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"speaker_name": "Hon. (Dr.) Nyikal",
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"content": "Hon. Speaker, even on our continental shelf, we are aware that there is a dispute with one of our neighbouring countries regarding it. That is because once you have oil, it is quite possible that even in the sea or ocean, you may have more oil. Already, we have a dispute regarding that. Therefore, we need a law that will make sure that all this is protected. When other countries discover oil, there occurs merciless exploitation of local people. The Bill takes care of that in terms of the local content. As Hon. Pukose has said, we have to clearly look at the definition of ‘local content’ so that it does not give us a problem in the management of our oil industry."
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