Reform to the contract model of joint ventures 2009

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.

Data and Resources

Additional Info

Field Value
Sector Oil and Gas
Country Venezuela, Bolivarian Republic of
Year 2009
RGI Edition Year 2017
Topic Contract transparency and monitoring, Mandatory payment disclosure, Revenue management, Revenue sharing, State-owned enterprises, Subnational governance, Tax policy and revenue collection
Document Type Statute
RGI Sub-component Taxation
RGI Questions 1.2.5e: For countries using production sharing agreements, do rules specify the company and government production shares?,
1.2.6a: Is the government required to make all payments to the national treasury or deposit them into a national resource account, aside from amounts legally retained by SOEs?,
2.2.4a: Do rules require that an external body periodically audit the transfers of extractive resource revenues to subnational governments?,
2.2.5a: Were transfers of extractive resource revenues to subnational governments externally audited over the most recently completed audit timeframe?
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 Official Gazette of the Republic
Author
Source or API link http://cdn.eluniversal.com/2009/09/28/gaceta280909.pdf
Maintainer Natural Resource Governance Institute
Maintainer Email Natural Resource Governance Institute