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Law No. 1/2019 amending Law No. 13/2005 on Petroleum Activities.

Pays/Territoire
Timor-Leste
Type du document
Législation
Date
2019
Source
FAO, FAOLEX
Sujet
Ressources minérales
Mot clé
Hydrocarbures Procédures judiciaires/procédures administratives Accès-à-l'information Autorisation/permis Concession
Aire géographique
Asie, Asie et Pacifique, Océan Indien, Pays les moins avances, Petits états insulaires en développement, Asie du Sud-Est
Entry into force notes
This Law enters into force on the day after its publication and takes effect from 27 September 2018.
Résumé

This Law amends Law No. 13/2005 on Petroleum Activities. Amendments deal with the participation of the State and other public corporations in Petroleum Operations. In particular, amendments establish that the decision on the participation of East Timor public corporations, including entities, in Petroleum Operations, must be approved by the Council of Ministers, which may delegate its power to the Prime Minister. The legislative amendment approved by this law is intended to make clear that the participation of the State, public corporations and any other legal persons wholly owned or controlled by them are not limited to a maximum participation of 20% when that participation is based on a commercial transaction. This law also introduces an exception to the system of prior supervision of the Chamber of Accounts of the Superior Administrative, Tax and Accounts Court, exempting from prior approval any contracts related to the acquisition of rights, for the State or for any another public corporate body to participate in oil operations.

Texte intégral
Portugais
Site web
www.legis-palop.org

Références - Législation

Amende

Law No. 13/2005 on Petroleum Activities.

Législation | Timor-Leste | 2005 (2019)

Mot clé: Hydrocarbures, Législation de base, Accès-à-l'information, Autorisation/permis, Concession

Source: FAO, FAOLEX