Petroleum Mining Regulations.
These Regulations implement provisions of the Petroleum Mining Act.The 62 regulations are divided into 6 Parts: Definitions (I); Financial Provisions (II); Records, Accounts, etc. (III); Rights Reserved by Government (IV); Miscellaneous Duties of the Company (V); Miscellaneous Provisions (VI).Matters regulated include amongst others; payment of royalties, fees in respect of petroleum agreement and exploration licence, keeping of records, etc.