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Law No. 5/19 amending Law No. 10/04 on Petroleum Activities.

Country/Territory
Angola
Document type
Legislation
Date
2019
Source
FAO, FAOLEX
Original source
Diário da República, I Serie, No. 53.
Subject
Mineral resources
Keyword
Oil Legal proceedings/administrative proceedings Concession
Geographical area
Africa, Central Africa, Least Developed Countries, South Atlantic
Abstract

This Law amends Law No. 10/04 on Petroleum Activities. Articles 4, 16 and 44 of the Law of Petroleum Activities establish new administrative and legal proceedings and are replaced by the following: Principle of exclusivity of the National Oil and Gas Concessionaire which will hold the mining rights. The National Fuel Company of Angola, Public Company (SONANGOL-E.P) enjoys the rights in the transmissions referred to in No. 1, when they are not affiliated to the transferring . The Angolan National Society of Fuels, Public Company (SONANGOL-EP) enjoys rights in the award of a competitive interest of up to 20% and in the adjudication of the quality of operator in situations of production in the oil fields, which achieve the end of the production period by demonstrating technical and financial capacity, in accordance with practices internationally accepted by the Oil industry. Allocation of concession and associate status of the National Concessionaire.

Full text
English
Website
www.legis-palop.org

References - Legislation

Amends

Law No. 10/04 regulating Petroleum Activities.

Legislation | Angola | 2004

Keyword: Oil, Basic legislation, Concession, Inspection

Source: FAO, FAOLEX