"In this respect, a high-capacity decision-making body would be required for policy making at macro-level and guiding oil exploration to become a dynamic and well-positioned industry in the long run.
"Given the high national importance of oil exploration, such institutions are headed by none other than the head of the state in some countries of successful oil exploration."
However, the proposal comes at a time of growing opposition to the highly centralised nature of power in the island, where the executive president wields near-dictatorial powers and is also immune from prosecution.
There have been growing calls to introduce checks and balances to prune executive power.
But mechanisms that are already law like the constitutional council that decides on