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Petroleum Act 2020 (Act. 18 of 2020).

Country/Territory
Eswatini
Document type
Legislation
Date
2020
Source
FAO, FAOLEX
Long title
An Act to provide for the reconnaissance, exploration, production and disposal of petroleum products, their administration and management and for incidental matters.
Subject
Energy, Mineral resources, Waste & hazardous substances
Keyword
Bioenergy Biofuel Social protection Special fund Basic legislation Oil Institution Internal trade Authorization/permit Tax/levy Hazardous substances Hazardous waste Oil pollution Protection of environment Public health Waste management
Geographical area
Africa, Landlocked Developing Nations, Southern Africa
Abstract

The Act is organized in XXVI Parts and lays down the discipline for the reconnaissance, exploration, production and disposal of petroleum products, their administration and management and for incidental matters. Al rights of ownership in and the exercise of control over petroleum its natural state under or upon any land or marine area of the Kingdom of Eswatini are vested in the iNgwenyama in trust for the Eswatini Nation. The Minister is responsible for the administration of the Act and his powers include: to prescribe the price, or a maximum or minimum price at which any petroleum product may be sold or bought; designate fuel oil suppliers, authorise, licence and regulate all petroleum activities; impose levies; establish any fund and strategic institutions for the security of supply of affordable fuel; create an environment for empowerment and protection of locals in the petroleum industry; prescribe the minimum percentage of fuel volumes to be stored or drawn by the oil companies from the strategic oil reserve facility; issue permits for importers and exporters of petroleum and products; and prescribe the grades, specifications, and blending ratios of petroleum products and biofuels to be sold in the Kingdom of Eswatini.

Full text
English
Website
www.enpc.co.sz