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Decree-Law No. 5/01 regulating Oil concessions to SONANGOL-E.P.

Country/Territory
Angola
Document type
Legislation
Date
2001
Source
FAO, FAOLEX
Subject
Mineral resources
Keyword
Concession Mining Exploration Oil Environmental planning Tax/levy Authorization/permit Management/conservation Use restrictions Policy/planning
Geographical area
Africa, Central Africa, Least Developed Countries, South Atlantic
Entry into force notes
This Decree-Law enters into force on the date of its publication.
Abstract

This Decree is composed of 15 articles and several Annexes. It regulates the concession to the National Fuel Company of Angola (Sonangol, E.P.) of rights for mining, exploration, research, development and liquid and gas fuels within the area defined in Annex A. The Decree-Law defines the concessionary’s rights and obligations and regulates the participation of foreign companies in exploration activities. Particular attention is paid to the regulation of guaranties regarding national fuel consumption needs and the requirement of environmental protection measures for the area. Finally, the Decree-Law provides tax and custom regulation.

Full text
Portuguese
Website
www.angolalegal.com

References - Legislation

Implements

Law No. 13/78 on Petroleum Activities.

Legislation | Angola | 1978

Keyword: Basic legislation, Concession, Energy conservation/energy production, Inspection, Legal proceedings/administrative proceedings, Natural gas, Oil, Policy/planning, Transport/storage

Source: FAO, FAOLEX