Law No. 8/2004 on oil resources. Pays/Territoire Sao Tomé-et-Principe Type du document Législation Date 2004 Source FAO, FAOLEX Sujet Ressources minérales Mot clé Hydrocarbures Législation de base Gestion/conservation ZEE-Zone Economique Exclusive Planification environnementale Exploration Fonds spécial Politique/planification Recherche Autorisation/permis Zone marine Aire géographique Afrique, Afrique Centrale, Pays les moins avances, Petits états insulaires en développement Entry into force notes This Law enters into force five days after its publication. Résumé This Law, composed of 33 articles divided in six Chapters, regulates management, use and control of national oil resources. In particular, it regulates bank accounts set-up for oil activities purposes, and establishes a permanent fund operating at national level for financing oil extraction and other related activities. Moreover, the Law defines a Policy for Oil Management and Research and regulates monitoring and control activities. Particular attention is paid to tender and concession procedures in oil resources management, requiring transparency and public access to information. Finally, the Law provides applicable sanctions and penalties. Texte intégral Portugais Site web www.earthinstitute.columbia.edu