Taxonomy: Sector Affected - 12
Crude petroleum and natural gas
Sri Lanka: Nationalisation of the local arms of Royal Dutch Shell
Description
On November 3, 2010, the government of Sri Lanka bought back for USD 63 million the 51 per cent stake of Shell Gas Lanka and the 100 per cent stake of Shell Terminal Lanka owned by the Anglo-Dutch oil company Royal Dutch Shell.Singapore: Introduction of import tariffs on compressed natural gas and large vehicles
Description
On 15 September 2011, the Singapore Customs announced in Circular No.Argentina: Repatriation obligation for foreign earnings in mining and oil and gas
Description
On October 25, 2011, the Argentine president issued Decree no. 1722/2011, which stated the obligation for all mining and oil and gas companies to repatriate their foreign earnings.United States of America: Export of domestically produced liquefied natural gas to non-FTA partners
Description
The Department of Energy (DOE) announced on May 17 its conditional authorization allowing the export of domestically produced liquefied natural gas (LNG) to countries that do notBrazil: Facilitated rules concerning the foreign financing of Brazilian exporters
Description
On 4 December 2012, the Brazilian Central Bank issued Circular No. 3.617 of 2012, which eased rules on the foreign financing of Brazilian exporters.Lebanon: Opening to foreign direct investment in the offshore oil & gas exploration sector
Description
On 24 August 2010, Lebanon enacted the Offshore Petroleum Resources Law No. 132 of 2010 opening offshore areas to foreign oil and natural gas companies for exploration and production of oil and natural gas in Lebanese territorial waters.Afghanistan: Liberalization of the country’s hydrocarbon sector
Description
On 1 March 2011, Afghanistan’s Ministry of Mines and Petroleum initiated the liberalisation of the country’s hydrocarbon sector by issuing a tender offer for oil exploration and production in the Amu Darya Basin in the Northern part ofAlgeria: Improved tax regime for foreign energy companies
Description
On February 20, 2013, the Algerian parliament (according to the amendments to the Energy Law, No. 13-01) has simplified tax terms for foreign energy companies in order to attract more foreign direct investment to its energy sector.Lithuania: Liberalizations of the energy sector
Description
On 6 October 2010, the Government of Lithuania approved the National Energy Independence Strategy and submitted it to the Lithuanian parliament (Seimas) for approval.
