OIL RESOURCES. X. Xxxxxxx Principles for the management and development of the petroleum sector 3.1 The Parties agree that the basis for an agreed and definitive framework for the management of the development of the petroleum sector during the Interim Period shall include the following: 3.1.1 Sustainable utilization of oil as a non-renewable natural resource consistent with: a) the national interest and the public good; b) the interest of the affected states/regions; c) the interests of the local population in affected areas; d) national environmental policies, biodiversity conservation guidelines, and cultural heritage protection principles.
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Samples: Wealth Sharing Agreement, Wealth Sharing Agreement, Wealth Sharing Agreement
