Law on Energy

The Energy Law is intended to complete the legal framework regarding the use of subsoil resources, including oil and gas, providing the social, economic and legal bases of state policy in the area of energy resource use. It defines that the state has exclusive ownership of all primary energy fields. It further outlines that the energy policy shall ensure: favourable conditions for the application of efficient and environmentally safe technologies; the conservation of energy resources and the reduction of waste levels; the minimization of negative impact on the environment; among other objectives. Moreover, the Law on Energy recognizes the need for environmental impact assessments as well as necessary permitting arrangements.

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