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Law No. 12.734 amending Law No. 9.478 and Law No. 12.351 and establishing new royalties for oil, natural gas and other hydrocarbons exploitation.

Country
Brazil
Type of law
Legislation
Source
FAO , FAOLEX
Abstract
This Law amends Law No. 9.478 and Law No. 12.351 and establishes new royalties for oil, natural gas and other hydrocarbons exploitation. Several amendments deal with royalties and financial procedures, specifying the payment regime of royalties due to production of oil, natural gas and other liquid hydrocarbons approved by Law No. 9.478, Law No. 12.351.
Attached files
http://faolex.fao.org/docs/pdf/bra121307.pdf
Web site
http://www.planalto.gov.br
Date of text
Entry into force notes
This Law enters into force on the day of its publication.
Repealed
No
Source language

English

Legislation status
in force
Legislation Amendment
No
Original title
Lei n. 12.734 - Modifica as Leis no 9.478, de 6 de agosto de 1997, e no 12.351, de 22 de dezembro de 2010, para determinar novas regras de distribuição entre os entes da Federação dos royalties e da participação especial devidos em função da exploração de petróleo, gás natural e outros hidrocarbonetos fluidos, e para aprimorar o marco regulatório sobre a exploração desses recursos no regime de partilha.
Amends
Law No. 9.478 on the National Energy Policy.
Law No. 12.351 on the exploitation and production of oil, natural gas and other liquid hydrocarbons, and amending the National Energy Policy.