Tuesday, March 13, 2018

Issue Number: 3324

Govt. Relaxes Provisions for Businesses Operating Oil-and-Gas Supporting Business Activities

In order to ease operations for businesses running oil-and-gas supporting business activities, the Ministry of Energy and Mineral Resources (“Ministry”) has issued Regulation No. 14 of 2018 on Oil-and-Gas Supporting Business Activities (“Regulation 14/2018”).   Regulation 14/2018 sets out a number of detailed provisions relating to supporting business for oil-and-gas business activities (“Supporting Business”), which include the following matters:   Scope of Supporting Business; Oil-and-Gas Supporting Business Competency Certificates (“SKUP”); and Registration certificates; and Mandatory reporting....
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