Hydrocarbon law English translation

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 81 oil, gas and mineral-rich countries. To access the full dataset and all other index resources, visit https://resourcegovernanceindex.org.

Data and Resources

Additional Info

Field Value
Extractive Sector Oil and Gas
Country Equatorial Guinea
Year 2006
Natural Resource Charter Precept Precept 1: Strategy, Consultation and Institutions, Precept 2: Accountability and Transparency, Precept 3: Exploration and License Allocation, Precept 4: Taxation, Precept 5: Local Effects, Precept 6: Nationally Owned Resource Companies, Precept 7: Revenue Distribution, Precept 9: Government Spending
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?,
1.1.3d: Is the licensing authority independent from the SOE?,
1.2a: What is the fiscal system for extractive resources?,
1.2.3a: Is the government required to publicly disclose data on payments from extractive companies to the government?,
1.3.1b: Is there a requirement for the EIA and/or SIA to be publicly disclosed?,
1.3.5a: Do rules require the government to set penalties (i.e. fines, license suspension or license revocation) for non-compliance with environmental mitigation management plans?,
1.4a: What proportion of equity shares does the government own in extractive companies?,
1.4.7d: Are there rules that require the SOE or government to publicly disclose information on the sale of production by the SOE?,
2.2.4a: Do rules require that an external body periodically audit the transfers of extractive resource revenues to subnational governments?
Did this document contribute to RGI scoring? Used for scoring
Are the RGI questions here tagged with law and/or practice Law
Publisher Government of Equatorial Guinea
Source or API link http://www.equatorialoil.com/PDFs%20for%20download/EG%20Hydrocarbons%20Law%20(English%20Translation)_v7.1.pdf
Version 2017 Resource Governance Index
Maintainer Natural Resource Governance Institute
Maintainer Email Natural Resource Governance Institute