Law No. 16/2022 amending article 48 of Law on Oil No. 21/2014.
Country
Type of law
Legislation
Abstract
This Law amends article 48 of Law on Oil No. 21/2014 of 18 August. New article 48 deals with local development as follows: 1. 10% of the tax revenues generated by the petroleum production is destined to the development of the province, district and local communities where the respective oil projects are implemented; 2. The Government is responsible to regulate the allocation and management of the above mentioned percentage.
Attached files
Web site
Date of text
Entry into force notes
This Law enters into force on the day of its publication.
Repealed
No
Serial Imprint
Boletim da Republica, I Série, No. 244.
Source language
English
Legislation Amendment
No
Original title
Lei n.º 16/2022: Altera o artigo 48 da Lei n.º 21/2014, de 18 de Agosto, Lei de Petróleo.
Amends