INTIEAIsrael · Petroleum LawPolicyIn force

Petroleum Law

Article 6 requires authorization for oil exploration and exploitation through license or deed of possesion. Article 26 determines that a lease contract authorizes to explore and produce petroleum in the determined area. Article 33 emphasises that the Minister is entitle to…

Last changed 1 year ago.

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Country / jurisdiction: Israel · Year: 1952 · Status: In force · Level: National · Type: Voluntary

Article 6 requires authorization for oil exploration and exploitation through license or deed of possesion. Article 26 determines that a lease contract authorizes to explore and produce petroleum in the determined area. Article 33 emphasises that the Minister is entitle to require petroleum production more than its maximum efficient rate of production in case of need to supply the internal oil demand of the country.

Official source: https://www.energy-sea.gov.il/media/ofedajxw/petroleum-law-1952.pdf

Source

https://www.iea.org/policies/26101

Canonical document at the regulator. Always cite this URL — not the Vantage detail page — in compliance evidence.

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