Petroleum Development Act 1974

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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Petroleum Development Act 1974PDF
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Zusätzliche Informationen

Feld	Wert
Sector	Oil and Gas
Country	Malaysia
Year	2013
RGI Edition Year	2017
Topic	Contract transparency and monitoring, Legislation and regulation, Licensing and negotiation, Mandatory payment disclosure, Revenue management, Revenue sharing, State-owned enterprises, Subnational governance, Tax policy and revenue collection
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?, 1.1c: What licensing process does the licensing authority follow?, 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)?, 1.2.5b: Do rules specify the royalty rate(s) applying to extractive companies?, 1.4c: What is the name of the largest company in which the government has a controlling share (i.e. an SOE)?, 1.4.3a: Is the SOE required to publicly disclose annual reports containing information on its finances and operations?, 1.4.7a: Are there rules that govern how the SOE should select the buyers of its production?, 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)?, 2.2c: Do rules specify that subnational governments of producing areas should receive a higher share of extractive resource revenues than those of non-producing areas?
Did this document contribute to RGI scoring?	Used for scoring
Are the RGI questions here tagged with law and/or practice	Law
Publisher	KPDNKK
Autor
Source or API link	http://www.kpdnkk.gov.my/kpdnkkv3/images/KPDNKK/PDF/Akta-Akta/kpdnkk/Act%20144%20-%20Petroleum%20Development%20Act%201974_1.pdf
Verantwortlicher	Natural Resource Governance Institute
E-Mail des Verantwortlichen	Natural Resource Governance Institute