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Petroleum Act 2020 (Act. 18 of 2020).

País/Territorio
Eswatini
Tipo de documento
Legislación
Fecha
2020
Fuente
FAO, FAOLEX
Título completo
An Act to provide for the reconnaissance, exploration, production and disposal of petroleum products, their administration and management and for incidental matters.
Materia
Energía, Recursos minerales, Desechos y sustancias peligrosas
Palabra clave
Bioenergía Biocombustible Protección social Fondo especial Legislación básica Hidrocarburos Institución Comercio interior Autorización/permiso Tasa/impuesto Sustancias peligrosas Residuos peligrosos Contaminación oleosa Protección del medio ambiente Salud pública Gestión de desechos
Área geográphica
Africa, Naciones en desarrollo sin litoral, Africa Meridional
Resumen

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.

Texto completo
Inglés
Página web
www.enpc.co.sz