Petroleum Development Act 1974 Pdf

Applications should be submitted using form pda 2 in three 3 copies to. Petroleum development act 1974 and shall come into force on such date as the prime minister may notify in the gazette. In exercise of the powers conferred by section 7 of the petroleum development act 1974 the prime minister hereby makes the following regulations.

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The petroleum development act 1974 requires person s engaging in any activity to refine crude petroleum to produce petroleum petrochemical products and to process natural gas to obtain a permit.

Petroleum development act 1974 pdf. These regulations may be cited as the petroleum regulations 1974. Consumers which is regulated by the gas supply act 1993. Existing bodies and companies to submit data information and records.

4 2 1 petroleum development act 1974 the petroleum development act 1974 is an act to provide for the exploration and exploitation of oil and gas resources by petronas. Petronas is vested with the entire ownership in and the exclusive rights powers liberties and privileges in. 1 the entire ownership in and the exclusive rights powers liberties and privileges of exploring exploiting winning and obtaining petroleum whether onshore or offshore of malaysia shall be vested in a corporation to be incorporated under the companies act.

For over four decades the petroleum development act pda has been the bedrock of malaysia s oil and gas landscape. But no the federal government had to introduce the petroleum development act in because oil and akya belong to the states. This includes laws such as the territorial sea act 2012 and the petroleum development act 1974 neither of which were consented to by the state in the manner provided for under the said article 2.

The oil industry development act 1974 no. Basically the petroleum development act of was aimed at making it legal for the federal government to take over the oil and gas that actually belonged to the states. For over four decades the petroleum development act 1974 pda has been the bedrock of malaysia s oil and gas landscape.

This act may be cited as the petroleum development act 1974. In a nutshell it is the law that created petroliam nasional bhd petronas malaysia s only fortune 500 company which is vested with the nation s oil and gas wealth. 1 the entire ownership in and the exclusive rights powers liberties and privileges of exploring exploiting winning and obtaining petroleum whether onshore or offshore of malaysia shall be vested in a.

It is the property of the states. Now sarawak is questioning whether the act is still valid. Akta pembangunan petroleum 1974 pdf manifesto ph yang dianggap membeli jiwa pengundi didakwa dibuat secara melulu tanpa kajian mendalam telah.

47 of 1974 26 september 1974 an act to provide for the establishment of a board for the development of oil industry and for that purpose to levy a duty of excise on crude oil and natural gas and for matters connected therewith.