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Ministerial Decree No.1374 of 2004 regarding validation of Methodical Instruction on fixing starting price for auction sale of special authorization (licence) for use of subsoil.

Country/Territory
Ukraine
Document type
Regulation
Date
2004
Source
FAO, FAOLEX
Subject
Energy, Mineral resources
Keyword
Authorization/permit Natural gas Management/conservation Minerals Mining Exploration Oil
Geographical area
Black Sea, CIS (Commonwealth of Independent States), Eastern Europe, Europe, Europe and Central Asia
Entry into force notes
Entry into force from the date of issue.
Abstract

Cabinet of Ministers decrees to validate Methodical Instruction. In accordance with the present Methodical Instruction shall be fixed starting price for auction sale of special authorization (licence) for use of subsoil within the boundaries of the Ukraine, its continental shelf and EEZ. State Committee of Natural Resources shall calculate starting price on the basis of deposit or plot of subsoil. Starting price is a part of the value of deposits of minerals or plots of subsoil that shall be calculated in accordance with Methodical Instruction on valuation of stock of mineral deposits or plots of subsoil. As regards deposits of oil and natural gas the estimates of prospecting shall be determined on the basis of average Ukrainian expenditure for a unit of the explored stock for the 5 years preceding the end of geological prospecting work.

Full text
Ukrainian