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Law No. 2/12 approving the Law on the Exchange Rate Regime applicable to the Oil Sector.

Country/Territory
Angola
Document type
Legislation
Date
2012
Source
FAO, FAOLEX
Original source
Diário da República, 3rd Supplement, No. 9.
Subject
Energy, Mineral resources
Keyword
Oil Legal proceedings/administrative proceedings Transport/storage Inspection Internal trade International trade Natural gas Research
Geographical area
Africa, Central Africa, Least Developed Countries, South Atlantic
Entry into force notes
This Law enters into force 120 days after its publication.
Abstract

This Law, consisting of 27 articles divided into seven Chapters, approves the Exchange Rate Regime applicable to the Oil Sector. It aims to establish the exchange rate regime for the settlement of operations involving goods, invisible currents, and capital arising from the activities of prospection, research, evaluation, development and production of crude oil and natural gas. It applies to the National Concessionaire and its national and foreign Associates, for the settlement of foreign exchange operations in the oil sector, and regulates foreign exchange operations and their registration, the forecast exchange budget, supervision and penalties.

Full text
Portuguese
Website
www.legis-palop.org