Decree-Law No. 59/2023 approving the Ministry of Petroleum and Mining Resources (MPRM).

This Decree-Law, consisting of 27 articles divided into three Chapters, approves the Ministry of Petroleum and Mining Resources (MPRM). It establishes the composition, duties and responsibilities of the above mentioned Ministry, entitled to perform the following activities: Develop and propose policy and legislation projects for the sector; Establish the sectoral administration and management system and regulate the sector’s activities; Ensure maximum participation of Timor-Leste in the oil, natural gas and mineral resources sectors through appropriate legal, administrative and technical instruments; Promote national opportunities in the sector in order to attract and retain foreign investments; Monitor the implementation of relevant international treaties, namely the Treaty Between the Democratic Republic of Timor-Leste and Australia that establishes their respective Maritime Boundaries in the Timor Sea, and monitor the sectoral implementation of relevant instruments; Regulate, authorize and supervise activities in the oil and downstream sector, as defined in Decree-Law No. 1/2012, of 1 February, etc.