Organic Law of Gaseous Hydrocarbons

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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Organic Law of Gaseous HydrocarbonsUnknown
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Field	Value
Sector	Oil and Gas
Country	Venezuela, Bolivarian Republic of
Year	1999
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	1.1.9a: Is the government required to publicly disclose all signed licenses/contracts with extractive companies?, 1.1.10a: From 2015 onwards, has the government publicly disclosed signed licences/contracts?, 1.1.7b: Do rules require public disclosure of beneficial owners of extractive companies?, 1.1.5d: Are there rules that companies can follow to appeal licensing decisions?, 1.2.6b: Is the national tax authority required to audit extractive companies?, 1.3.6a: From 2015 onwards, have the procedures governing rehabilitation and closure of extractive projects been adhered to?, 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?, 1.4.7d: Are there rules that require the SOE or government to publicly disclose information on the sale of production by the SOE?, 1.4.10a: Does the SOE have a publicly available code of conduct?, 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)?, 2.3.2c: From 2015 onwards, has the government adhered to the numeric rules governing the size of withdrawals from sovereign wealth funds?
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	Ministerio de Petróleo y Minas
Author
Source or API link	http://www.mpetromin.gob.ve/repositorio/imagenes/file/normativas/leyes/LEY_ORGANICA_DE_HIDROCARBUROS_GASEOSOS.pdf
Maintainer	Natural Resource Governance Institute
Maintainer Email	Natural Resource Governance Institute