Ministry of Petroleum and Natural Resources - Rules and Regulations

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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Ministry of Petroleum and Natural Resources - ...PDF
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Field	Value
Sector	Oil and Gas
Country	Saudi Arabia
Year	2016
RGI Edition Year	2017
Topic	Beneficial ownership, Commodity prices, Contract transparency and monitoring, Licensing and negotiation, Open data, Revenue management, State-owned enterprises, Tax policy and revenue collection
Document Type	Web Page
RGI Sub-component	Licensing
RGI Questions	1.1.7a: Are senior public officials required to publicly disclose their financial holdings in extractive companies?, 1.1.7b: Do rules require public disclosure of beneficial owners of extractive companies?, 1.1c: What licensing process does the licensing authority follow?, 1.1.3a: Is the government required to set pre-defined criteria by which companies become qualified to participate in a licensing process?, 1.1.3b: Prior to each licensing process, is the licensing authority required to disclose a list of biddable terms or negotiable terms?, 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?, 1.4.3a: 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?, 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?
Did this document contribute to RGI scoring?	Used for scoring
Are the RGI questions here tagged with law and/or practice	Law
Publisher	Ministry of Petroleum and Natural Resources
Author
Source or API link	http://www.mopm.gov.sa/arabic/rules-and-regulations/Pages/default.aspx
Maintainer	Natural Resource Governance Institute
Maintainer Email	Natural Resource Governance Institute