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Petroleum : Notifications, Orders, Resolutions (except Land Acquisition Notifications) (One Year Digital Subscription)

Petroleum : Notifications, Orders, Resolutions (except Land Acquisition Notifications) - Issued by Ministry of Petroleum & Natural Gas + Related Acts & Rules

The Government of India, through the Ministry of Petroleum and Natural Gas, issues various notifications, orders, resolutions, and regulations to regulate the petroleum industry.

  1. Notifications: These are official announcements made by the Ministry regarding changes or updates in policies, regulations, or procedures related to the petroleum sector. Notifications could cover a wide range of topics such as exploration and production activities, licensing rounds, pricing mechanisms, tax policies, import/export regulations, environmental standards, etc.

  2. Orders: The Ministry issues orders to provide directives or instructions to various stakeholders within the petroleum industry. These orders may include directives on production quotas, refining standards, safety protocols, allocation of resources, procurement procedures, etc.

  3. Resolutions: Resolutions issued by the Ministry represent formal expressions of decisions or opinions on specific matters concerning the petroleum sector. They may address industry-wide challenges, internal administrative matters, responses to market developments, or strategic initiatives.

  4. Acts & Rules: The Ministry oversees the implementation of various Acts and Rules pertaining to the petroleum industry. Some of the key Acts and Rules include:

    • Petroleum and Natural Gas Regulatory Board Act, 2006: This Act establishes the Petroleum and Natural Gas Regulatory Board (PNGRB) to regulate the refining, processing, storage, transportation, distribution, marketing, and sale of petroleum, petroleum products, and natural gas.

    • Oilfields (Regulation and Development) Act, 1948: This Act regulates the exploration, development, and production of oilfields in India.

    • Petroleum Act, 1934: This Act provides for the regulation of import, transport, storage, production, refining, and blending of petroleum and petroleum products.

    • Oil Industry (Development) Act, 1974: This Act empowers the government to take measures for the development of the petroleum industry and to regulate its operations.

    • Essential Commodities Act, 1955: This Act, while not specific to petroleum, empowers the government to control the production, supply, distribution, and pricing of essential commodities, including petroleum products.

    • Environment (Protection) Act, 1986: This Act provides for the protection and improvement of the environment and the prevention of hazards to human beings, other living creatures, plants, and property.

These notifications, orders, resolutions, Acts, and Rules form the regulatory framework governing the petroleum industry in India, ensuring compliance with standards, promoting sustainable development, and safeguarding the interests of stakeholders.

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