INTIEABolivarian Republic of Venezuela · Organic Law On HidrocarbonsPolicyIn force

Organic Law On Hidrocarbons

Article 8 declares that the Minister of Energy and Oil is in charge of development, conservation, utilization, and control of resources. The hydrocarbon deposits belong to the State, and only State/state-owned enterprises can extract

Last changed 1 year ago.

Extracted view for reading · Original for compliance evidence

Lifecycle

  1. Effective
  2. Last change

Country / jurisdiction: Bolivarian Republic of Venezuela · Year: 2006 · Status: In force · Level: National · Type: Voluntary

Article 8 declares that the Minister of Energy and Oil is in charge of development, conservation, utilization, and control of resources. The hydrocarbon deposits belong to the State, and only State/state-owned enterprises can extract oil.

Official source: http://www.pdvsa.com/images/pdf/marcolegal/LEY_ORGANICA_DE_HIDROCARBUROS.pdf

Source

https://www.iea.org/policies/26115

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

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