The Impact of the Organic Hydrocarbons Law on the Venezuelan Natural Gas Industry
Article from: OGEL 2 (2008), in Venezuela
When the Organic Gaseous Hydrocarbons Law ('Gas Law') was enacted in 1999 and its Regulations in mid-2000, a new legal and regulatory framework exclusive for gaseous hydrocarbons was created. Two years later, the Organic Hydrocarbons Law ('OHL') came into effect, aimed at restructuring the whole legal system for hydrocarbons and almost all the prior hydrocarbons legislation in force was revoked. Pursuant to the single revoking provision of the OHL, the following laws as well as any other legal provisions conflicting with the OHL are revoked: The Hydrocarbons Law of 13 ...