Question: “The latest article…suggests that the HCL will be passed in the next legislative term. When is that term?” The legislative term starts on the 13th but currently the Oil and Gas Law is not on the agenda. When it is, expect a first reading, at least 3 days and probably two weeks before the second reading at which time a Third reading could be waived and the Law voted. If third reading, expect another 3 days to two weeks after the second reading.