Petroleum Act No. 387 of 1949.
Country
Type of law
Legislation
Abstract
The Republic Act is divided in Chapters as follows: I, General Provisions; II, Concessions; III, Non-Exclusive Exploration Permit; IV, Exploration Concession; V, Exploration Concession; VI, Refining Concession; VII, Pipe Line Concession; VIII, Penalties And Extinction Of Rights; IX, Officials In Charge And Duties; X, Final Provisions. The provisions apply to mineral oil, hydrocarbon gas, bitumen, asphalt, whose ownership is vested in the State that shall concede the exploration and exploitation licences to individuals and companies in order to obtain and dispose of those mineral natural resources.
Attached files
Long title of text
An Act To Promote The Exploration, Development, Exploitation, And Utilization Of The Petroleum Resources Of The Philippines; To Encourage The Conservation Of Such Petroleum Resources; To Authorize The Secretary Of Agriculture And Natural Resources To Create An Administration Unit And A Technical Board In The Bureau Of Mines; To Appropriate Funds Therefore; And For Other Purposes
Date of text
Entry into force notes
on 18 June 1949, date of its approval.
Repealed
No
Source language
English
Legislation Amendment
No