Constitution of the Bolivarian Republic of Venezuela

This document is part of the source library for NRGI's 2017 Resource Governance Index, a comprehensive measure of the quality of natural resource governance in oil, gas and mineral-rich countries. To access the full dataset and all other index resources, visit https://resourcegovernanceindex.org.

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Field	Value
Sector	Oil and Gas
Country	Venezuela, Bolivarian Republic of
Year	2009
RGI Edition Year	2017
Topic	Legislation and regulation, Licensing and negotiation, Measurement of environmental and social impacts, Revenue management, Revenue sharing, State-owned enterprises, Subnational governance
Document Type	Statute
RGI Sub-component	Licensing
RGI Questions	1.1a: How does the country legally define the ownership of subsoil extractive resources?, 1.1.9a: Is the government required to publicly disclose all signed licenses/contracts with extractive companies?, 1.3.1a: Are extractive companies required to prepare an EIA and/or SIA prior to development?, 1.4a: What proportion of equity shares does the government own in extractive companies?, 1.4.10a: Does the SOE have a publicly available code of conduct?, 2.1.2a: Does the country have a numerical fiscal rule?, 2.2b: Are there specific rules governing the transfer of extractive resource revenues (i.e. are these rules distinct from those governing other types of transfers)?, 2.2.4a: Do rules require that an external body periodically audit the transfers of extractive resource revenues to subnational governments?, 2.2.5a: Were transfers of extractive resource revenues to subnational governments externally audited over the most recently completed audit timeframe?
Did this document contribute to RGI scoring?	Used for scoring
Are the RGI questions here tagged with law and/or practice	Law and Practice (Both)
Publisher	Gaceta Oficial de la República Bolivariana de Venezuela
Author
Source or API link	http://historico.tsj.gov.ve/legislacion/enmienda2009.pdf
Maintainer	Natural Resource Governance Institute
Maintainer Email	Natural Resource Governance Institute