Royal Decree for the Organization of the Higher Council for Petroleum and Mineral Affairs

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	Saudi Arabia
Year	2001
RGI Edition Year	2017
Topic	Commodity prices, Contract transparency and monitoring, Licensing and negotiation, Open data, Revenue management, State-owned enterprises, Tax policy and revenue collection
Document Type	Case
RGI Sub-component	Licensing
RGI Questions	1.1b: Who is the licensing authority (i.e. who has the authority to grant exploration and extraction rights to companies)?, 1.1.3d: Is the licensing authority independent from the SOE?, 1.1.3a: Is the government required to set pre-defined criteria by which companies become qualified to participate in a licensing process?, 1.1.3c: Prior to each license process, is the licensing authority required to disclose the rules governing the licensing process, such as auction or negotiation rules?, 1.1.5a: Following each licensing process, is the licensing authority required to disclose the list of companies that submitted license applications (in the case of a first-come, first served; or negotiation round) or bids (in the case of an auction)?, 1.1.5b: Following each licensing process, is the licensing authority required to publicly disclose the identity of the winning bidder or applicant?, 1.1.5c: Following the licensing process, is the licensing authority required to publicly disclose the list of areas or blocks allocated?, 1.1.5d: Are there rules that companies can follow to appeal licensing decisions?, 1.1.10d: Is the legislature required to ratify licenses/contracts?, 1.4.1a: Are there rules governing fiscal transfers between the government and the SOE?, 1.4.3a: Is the SOE required to publicly disclose annual reports containing information on its finances and operations?, 1.4.3b: Do rules require a periodic audit of the SOE's financial statements by an external body?, 1.4.7a: Are there rules that govern how the SOE should select the buyers of its production?, 1.4.7b: Are there rules that determine the prices at which the SOE should sell its production?, 1.4.7c: Are there rules that govern how the proceeds from the sale of the SOE's production should be transferred to the government?, 1.4.7d: Are there rules that require the SOE or government to publicly disclose information on the sale of production by the SOE?, 1.4.3c: Is the SOE required to submit annual reports to the legislature on its commercial, non-commercial (i.e. regulatory) and non-operational activities (i.e. activities not related to resource extraction)?
Did this document contribute to RGI scoring?	Used for scoring
Are the RGI questions here tagged with law and/or practice	Law
Publisher	Bureau of Experts at the Council of Ministers
Author
Source or API link	https://www.boe.gov.sa/ViewSystemDetails.aspx?lang=&SystemID=256&VersionID=185
Maintainer	Natural Resource Governance Institute
Maintainer Email	Natural Resource Governance Institute