Downstream Oil & Gas Business Activities - Conditions and Implementing Guidelines

The Minister for Energy and Mineral Resources has issued Regulation No. 0007 of 2005 on Conditions and Implementing Guidelines for Business Licenses for Downstream Oil and Gas Business Activities (“Regulation”) to ensure and facilitate compliance with Article 15 of Government Regulation No. 36 of 2004 on Downstream Oil and Gas Business Activities (“GR 36/2004) with respect to licensing of these business actors. The majority of definitions contained in both the Regulation and GR 36/2004 are the same as those contained in Law No. 22 of 2001 on Oil and Gas (“Oil & Gas Law”).