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Executive Decree No. 51/19 approving the Regulation of the Oil Derivatives Regulatory Institution (IRDP).

Country/Territory
Angola
Document type
Regulation
Date
2019
Source
FAO, FAOLEX
Original source
Diário da República, I Série, No. 15.
Subject
Energy, Mineral resources
Keyword
Institution Legal proceedings/administrative proceedings Research Oil Transport/storage Internal trade International trade Energy conservation/energy production Residues Pollution control
Geographical area
Africa, Central Africa, Least Developed Countries, South Atlantic
Entry into force notes
This Executive Decree enters into force on the day of its publication.
Abstract

This Executive Decree approves the Regulation of the Oil Derivatives Regulatory Institution (IRDP). This Regulation, consisting of 21 articles divided into five Chapters and 2 Annexes, establishes composition, duties and responsibilities of the above mentioned institution, entitled to perform any activity related to petroleum products. In particular it aims to: protect the rights and interests of consumers in relation to prices, quality services and products; promote competition in order to improve efficiency; ensure transparency of commercial relations between the various actors involved in this sector; contribute to the progressive improvement of the technical, economic and environmental conditions in the Petroleum Sector, stimulating the adoption of practices that promote the efficient use of petroleum products and the protection of the environment; promote the information of consumers on the quality of products and services in the oil derivatives market in coordination with the competent entities; arbitrate and resolve disputes arising within this sector; follow the international good practices; etc.

Full text
Portuguese
Website
www.legis-palop.org

References - Legislation

Implements

Presidential Decree No. 133/18 approving the Statute of the Oil Derivatives Regulatory Institution.

Legislation | Angola | 2018

Keyword: Institution, Research, Oil, Transport/storage, Internal trade, International trade, Energy conservation/energy production, Residues, Pollution control

Source: FAO, FAOLEX