Presidential Decree No. 3189 regarding implementation of the Law on hydro-carbon resources (1996).

This Presidential Decree validates the Regulation on the authorized institution on the use of hydrocarbons and the form of Contract on joint exploration and extraction of oil and natural gas. The authorized state institution on the use of hydrocarbons shall have exclusive plenary powers as regards issuance of licences and conclusion of contracts for the management of hydrocarbons. The authorized state institution shall carry out the following functions: (a) validation of common rules and regulations for exploration and extraction of hydrocarbons; and (b) issues licences and registers contracts on exploitation of hydrocarbon deposits and product-sharing contracts.