Examples of Petroleum Regulations in a sentence
All Petroleum Operations and the Contractor are subject to the provisions of the Hydrocarbons Law and the Petroleum Regulations in effect from time to time.
In 2000, the Ministry of Mines and Energy introduced the Downstream Petroleum Regulations, which regulate downstream petroleum pricing.
In order to open an area for possible petroleum production, the Petroleum Act mandates an evaluation of the impact of the proposed activities “on trade, industry and the environment, and of possible risks of pollution, as well as the economic and social effects that may be a result of the petroleum activities.”91 This approach is further elaborated upon in the Petroleum Regulations so as to require the preparation of an impact assessment prior to the opening of any new areas.
The establishment of the Petroleum Regulations 1974 (amended in 1975, 1981, and 1991) divided the upstream, and downstream activities to different entities.
Section 3 of the Petroleum Regulations 1974 requires that companies intending to participate in such activities to obtain approval from PETRONAS (Box 4.2).
Permission from the Ministry of Domestic Trade, Co-Operatives and Consumerism (MDTCC) must be obtained in accordance with section 3A (2) of the Petroleum Regulations 1974 (refer to Box 2.1).
Section 3A(2) of the Petroleum Regulations 1974 requires one to seek permission from MDTCC for such business activity (Box 4.2).
The Schedule in the Petroleum Regulations 1994 prescribes the fee for this application.
At this very early stage, the Petroleum Regulations require that the draft programme be made available to the public generally as well as any concerned authorities and industrial organizations for not less than six weeks.93 Only after this consultative stage does the MPE compile a report addressing the comments received and how they are reflected in the resulting assessment programme.
Substantial amendments are required to the Petroleum Act and Petroleum Regulations to fully implement the changes to merits review provided for in Recommendation 14.24 of the Final Report.