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Home»Law and Cases»Legislation»Ministerial Decree No. 260 validating classification of gas fields and oilfields.
Ministerial Decree No. 260 validating classification of gas fields and oilfields.
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This Ministerial Decree establishes common principles of calculation, evaluation and the state registration of gas fields and oilfields, industrial development thereof. It shall be compulsory for all subsoil managers carrying out exploration, prospecting and mining of gas fields and oilfields. Reserves of gas and oil shall be calculated, registered and recorded in the national balance of minerals. Evaluation and registration of reserves shall be carried out separately for each gas field and oil
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Ministerial Decree No. 260 validating classification of gas fields and oilfields.