Bolivarian Republic of Venezuela · Organic Law to reserve to the State the related goods and services from the hydrocarbons primary activities — Organic Law to reserve to the State the related goods and services from the hydrocarbons primary activities

Organic Law to reserve to the State the related goods and services from the hydrocarbons primary activities

Last changed 4 years ago.

Lifecycle

Effective01 Jan 2009
Last change15 Feb 2022

Country / jurisdiction: Bolivarian Republic of Venezuela · Year: 2009 · Status: In force · Level: National · Type: Voluntary

On May 7th, 2009, as a way to protect the country's strategic activities, the National Assembly enacted this law to reserve the activities and goods related to the primary activities established on the Hydrocarbons Organic law to the State. As a result, the mentioned activities and goods only can be conducted or offered by the Petróleos de Venezuela, S.A., (PDVSA, the state-owned company), its filial, or mixed companies under PDVSA’s control (more than 50% of the mixed company property).

Official source: http://www.minpet.gob.ve/images/biblioteca/leyes/Ley_Organica_Reserva_Estado_Bienes_Servicios_Conexos_Actividades_Primarias_Hidrocarburos.pdf

Source

https://www.iea.org/policies/14852

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

Organic Law to reserve to the State the related goods and services from the hydrocarbons primary activities

Related in International

IMO adopts first global Code for autonomous ships

IMO treaty on hazardous and noxious cargo to enter into force in 2027

Revised rescue guide launched to safeguard life at sea

No safe passage: Strait of Hormuz remains highly volatile

Statement on the attack on tanker MT Settebello