State Council, PRC Regulations for the Exploitation of Onshore 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陆上石油资源条例 (第三次修订)

November 08, 2011 | BY

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Onshore 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, enterprises that exploit onshore oil resources in cooperation with foreign parties shall pay resource tax in accordance with the law but are no longer required to pay the fees for using mining areas (Article 11).

Repealed legislation: Tentative Provisions on the Payment of Fees for Using Mining Areas for the Exploitation of Onshore Oil Resources in Cooperation with Foreign Parties (Revised), July 28 1995

clp reference:4300/11.09.30 (2)promulgated:2011-09-30effective:2011-11-01

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