State Council, PRC Regulations for the Exploitation of Offshore Oil Resources in Cooperation with Foreign Parties (3rd Revision)

国务院中华人民共和国对外合作开采海洋石油资源条例 (第三次修订)

November 08, 2011 | BY

clpstaff &clp articles &

Offshore oil exploitation pays resource tax.

Clp Reference: 4300/11.09.30 Promulgated: 2011-09-30 Effective: 2011-11-01

Promulgated: September 30 2011
Effective: November 1 2011

Main contents: According to the amendment, Chinese enterprises and foreign enterprises that cooperate in the exploitation of offshore oil resources shall pay resource tax in accordance with the law but are no longer required to pay the fees for using mining areas (Article 10).

Repealed legislation: Provisions on the Payment of Fees for Using Mining Areas for the Exploitation of Offshore Oil Resources, Jan 1 1989

clp reference:4300/11.09.30 (1)promulgated:2011-09-30effective:2011-11-01

This premium content is reserved for
China Law & Practice Subscribers.

  • A database of over 3,000 essential documents including key PRC legislation translated into English
  • A choice of newsletters to alert you to changes affecting your business including sector specific updates
  • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]