Factsheet: Law of the hydrocarbons sector

Law of the hydrocarbons sector

Key Information
Full name of Instrument & Measure (English): 
Law 34/1998, dated October 7, of the hydrocarbons sector
Full name of Instrument & Measure (native language): 
Ley 34/1998, de 7 de octubre, del sector de hidrocarburos
Description: 
Law 34/1998 establishes the legal framework for activities involving liquid and gaseous hydrocarbons. The following activities are deemed to be included within the scope of this Law: a) Exploration, research and mining of deposits and underground stores of hydrocarbons. b) Foreign trade, refining, transportation, storage and distribution of crude oil (petroleum) and petroleum products including liquefied petroleum gases. c) The acquisition, production, liquefaction, regasification, transportation, storage, distribution and trading of gas fuels through pipelines.
Goal/Aim: 
regulate the framework for activities involving liquid and gaseous hydrocarbons

Sector/Topic targeted:

Responsible Authority: 
Ministry of Industry, Energy and Tourism

Status:

Year Instrument & Measure Started: 
1998
Year Last Instrument & Measure was last Amended: 
2013