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KSA Basic Law of Governance

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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Additional Info

Field Value
Sector Oil and Gas
Country Saudi Arabia
Year 1992
RGI Edition Year 2017
Topic Beneficial ownership, Contract transparency and monitoring, Legislation and regulation, Licensing and negotiation, Measurement of environmental and social impacts, Open data, Revenue management, Sovereign wealth funds, State-owned enterprises, 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?,
1.1.8b: From 2015 onwards, have the beneficial owners of extractive companies been disclosed?,
1.1.3b: Prior to each licensing process, is the licensing authority required to disclose a list of biddable terms or negotiable terms?,
1.1.10d: Is the legislature required to ratify licenses/contracts?,
1.2.6b: Is the national tax authority required to audit extractive companies?,
1.2.6c: Is the national tax authority required to periodically be audited by an external body?,
1.3.5b: Are there rules governing rehabilitation and closure of extractive projects?,
1.3.6a: From 2015 onwards, have the procedures governing rehabilitation and closure of extractive projects been adhered to?,
1.4.3a: Is the SOE required to publicly disclose annual reports containing information on its finances and operations?,
1.4.7d: Are there rules that require the SOE or government to publicly disclose information on the sale of production by the SOE?,
2.3.3a: Is the sovereign wealth fund prohibited from investing in domestic assets without budgetary approval?,
2.3.3b: Is the sovereign wealth fund prohibited from investing in certain asset classes or investment types?,
2.3.4e: From 2015 onwards, has the sovereign wealth fund adhered to rules limiting asset class or investment types?,
2.3.5b: Is the sovereign wealth fund required to publicly disclose these annual financial reports?
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 The Royal Embassy of The Kingdom of Saudi Arabia in Washington
Author
Source or API link http://rgi.nrgi-assessment.org/api/public/documents/SAU-2016-HY
Maintainer Natural Resource Governance Institute
Maintainer Email Natural Resource Governance Institute