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Petroleum Regulations.

Country/Territory
Belize
Document type
Regulation
Date
1992 (2003)
Source
FAO, FAOLEX
Original source
Subsidiary Legislation of Belize, Revised Edition of 2003, Chapter 225.
Subject
Mineral resources
Keyword
Minerals Mining Oil Contract/agreement Data collection/reporting Environmental standards Authorization/permit Standards Protection of environment
Geographical area
Americas, Central America, Latin America and the Caribbean, Small Island Developing States
Abstract

These Regulations implement provisions of the Petroleum Act and regulate various aspects relative to exploration and exploitation of petroleum resources including but not limited to: environment and pollution control, drilling practices, reporting on activities, application for exploration or exploitation licenses, bidding, etc. The Minister shall appoint an environmental pollution control board to ensure that all petroleum operations comply with the requirements of environmental standards and the relevant laws of Belize at an appropriate time as he deems fit. The Minister may provide in a contract such reasonable considerations for establishment of a common fund to which the contractor(s) would contribute, to be held in trust and managed for the sole purpose of indemnification against any or all environmental damage(s) caused during petroleum operations.

Full text
English
Website
www.belizelaw.org

References - Legislation

Implements

Petroleum Act.

Legislation | Belize | 1991

Keyword: Minerals, Mining, Oil, Contract/agreement, Authorization/permit

Source: FAO, FAOLEX