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Somali Petroleum Law.

Country/Territory
Somalia
Document type
Legislation
Date
2020
Source
FAO, FAOLEX
Subject
Environment gen., Mineral resources, Sea
Keyword
Pollution control Protection of environment Public health Basic legislation Authorization/permit Enforcement/compliance Concession Mining Offences/penalties Oil Ownership Public private partnership (PPP) Exploration Contract/agreement Institution Management/conservation
Geographical area
Africa, Eastern Africa, Indian Ocean, Least Developed Countries, Red Sea & Gulf of Aden, Sahel
Abstract

Somali Petroleum Law has the purpose to confirm sovereign right of Somalia to explore, develop, utilize and manage its petroleum resources onshore and off shore; to provide maximum benefit to Somalia and its people from the development and production of Petroleum; to ensure the protection, conservation and preservation of the environment in the conduct of Petroleum Operations; to establish the Somalia Petroleum Authority as the competent regulatory authority to regulate Petroleum Operations; to establish the Somali National Oil Company as an entity Controlled by the Government for the participation in Petroleum Operations in Somalia; to comply with international initiatives; and to ensure fair treatment of specified legal persons holding rights pursuant to Petroleum grants, etc.

Full text
English
Website
hbs.gov.so