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Act No. 22/2001 on oil and natural gas

Act No. 22/2001 on oil and natural gas

The Act is divided in the following Chapters for a total of 66 Articles: (I) General Provisions; (II) Control and Management; (III) Upstream Business Activities; (IV) Downstream Business Activities; (V) State Earnings; (VI) Relationship between the oil and natural gas business activities and the right on land; (VII) Development and Supervision; (VIII) Executive body and regulating body; (IX) Investigation; (X) Criminal Provisions; (XI) Transitional Provisions; (XII) Concluding Provisions. Provisions deal with oil and natural gas being natural resources of the Country whose exploitation and use and all related operations must be controlled and regulated by appointed authorities in order to properly conduct operations, ensure the rights of the country on these important energy resources , their correct production and management and prevention of environmental damages.

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