Oil & Gas Law In Latin America Temporarily Out of Stock

Price: $195.00 1400 pages. 1 Looseleaf Volume. Appendices.Updated Annually or When Needed. Looseleaf
ISBN-13: 978-1-57823-082-2 / ISBN-10: 1-57823-082-9

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Book Overview

Argentina

Author: Estudio Beccar Varela is one of the most traditional law firms in Argentina, based in the city of Buenos Aires. Founded in 1897 it has been counseling and advising a vast range of clients in all aspects of law. There are at present more than 80 members of the firm and a staff of over 100

Table of Contents

• 1) Deregulation of the Argentine Oil and Gas Sector
• 2) Privatization of YACIMIENTOS PETROLIFEROS FISCALES
• 3) Privatization of Gas del Estado

• 1) Registration of Oil Companies
• 1.1 Document evidencing a legal capacity as a company
• 1.2 Corporate matters
• 1.3 Financial Solvency
• 1.4 Technical Capability Enforcement Authority

3. OIL EXPLORATION AND PRODUCTION

• 1) Exploration Permits
• 2) Exploitation Concessions
• 3) Relinquishment of the Area Hydrocarbons
• D) Disposition of Royalties
• E) Joint Operating Agreements Surface Owners' Rights

4. THE GAS REGULATORY FRAMEWORK

• 1)Transportation of Hydrocarbons ENARGAS
• 2) Expansion of the Gas Carriage System GAS DISTRIBUTION
• 3) Expiration, Cancellation and Sale of Licenses
• 4) Tariffs

• 1) Refineries
• 2) Installation of Refineries

• 1) BASIC PRINCIPLES
• 2) FEDERAL TAXES
• 1. INCOME TAX (Impuesto a las Ganancias) General Features
• 1.1 Business Organizations
• 1.2 Individuals
• 1.3 Beneficiaries from abroad
• 1.4 General withholding tax system
• 2. VALUE ADDED TAX (Impuesto al Valor Agregado)
• 2.1 General aspects
• 2.2 Importation of movable assets
• 2.3 Joint ventures
• 3. TAX ON INTEREST PAID AND THE FINANCIAL COST OF COMPANIES INDEBTEDNESS
• 4. INTERESTS DEDUCTIBILITY (THIN CAPITALIZATION)
• 5. TAX ON PRESUMED MINIMUM INCOME (Impuesto sobre la ganancia minima presunta)
• 6. EXCISE TAXES (Impuestos Infernos)

• 1. TAX ON REAL ESTATE (Impuesto Inmobiliario)
• 2. TURNOVER TAX (Impuesto sobre los Ingresos Brutos)
• 3. STAMP TAX (Impuesto de Sellos)
• 4. MUNICIPAL FEES (Tasas Municipales)

• 1) IMPORTATION DUTIES
• 2) STATISTICS FEE

• 1) BUSINESS ORGANIZATION (SOCIEDAD ANONIMA)
• 1.1 Incorporation and organization
• 1.2 Previous proceeding for foreign shareholders
• 2) BRANCH (SUCURSAL )
• 3) FOREIGN INVESTMENTS REGIME
• 4) LIABILITY OF A FOREIGN OIL AND GAS COMPANY

• 1) FOREIGN PURCHASES
• 2) REQUIREMENTS
• 3) PROCEDURE
• 4) INVESTMENT PROJECT

Bolivia

Table of Contents

Author: C.R.& F. ROJAS Founded in 1900 by the late Casto Rojas, C.R.& F. ROJAS - Abogados is the oldest law firm in Bolivia. It maintains offices La Paz, Cochabamba and Santa Cruz

1. PETROLEUM AND NATURAL GAS OWNERSHIP RIGHTS

• 1) Joint Venture Agreements
• 2) Title 2.1.3 Procedure
• 3) Petitioners
• 4) Capacity
• 5) Size Of The Area
• 6) Term
• 7) Rights
• 8) Security In The Tenure
• 9) Duties And Liabilities
• 1.1 Local Employees
• 1.2 Use Of Local Products
• 1.3 Information
• H) Property Of The Land
• I) Reduction Of The Area And Waiver
• J) Resolution, Termination And Waiver
• K) Transfer
• L) Exclusivity
• M) Supervision At The Operations

• 1) Installation Of Plants And Refineries
• 2) Obligations And Responsibilities
• 3) TRANSPORT OF HYDROCARBONS
• 1.1 Sea Transportation
• 1.2 Pipelines
• 1.3 Installation And Storage Ports
• 1.4 Obligations And Responsibilities

• 1) Protection Of The Domestic Market
• 2) Supply For The Domestic Market
• 3) Restrictions On Imports And Exports
• 4) Obligations And Responsibilities

• 1) Distributing Companies
• 2) Facilities
• 3) Obligations And Responsibilities

• 1) Licenses And Authorizations
• 2) Reports
• 3) Restoration Of Areas Degraded By The Exploration And Production Of Hydrocarbons
• 4) Liability For Environmental Damage And Sanctions

• 1) Taxation
• 2) Patents And Petroleum Royalties
• 3) Payments To The Landowner 8.4. Special Regimes

• 1) Investments
• 2) Loans
• 1.1 Interest Payment
• 3) Restrictions On Foreign Investments

• 1) Executive Power
• 2) YPFB
• 3) The Superintendency of Hydrocarbons of the General System of Sectorial Regulation (SIRESE)
• 4) Environmental Authority
• 5) Central Bank

11. GOVERNING LAW AND DISPUTE RESOLUTION

Brazil

Table of Contents

INTRODUCTION

1. PETROLEUM AND NATURAL GAS OWNERSHIP RIGHTS

2. EXPLORATION, DEVELOPMENT AND PRODUCTION

• 1) Geological Data Gathering
• 2) Bid Procedures
• 3) Bid Participants
• 1.1. Legal Standing
• 1.2. Financial Capacity
• 1.3. Minimum Capital
• 1.4. Technical Capacity
• 1.5. Companies Incorporated Outside Brazil 2.3.6-Consortia .
• 4) Title
• 5) Land Area
• 6) Duration
• 7) Rights
• 1.1. Security of Tenure
• 8) Obligations And Liabilities
• 1.1. Local Employees
• 1.2. Use of Local Products
• 1.3. Reporting
• 9) Surface Rights
• 10) Relinquishment And Reduction
• 11) Reclamation, Termination And Abandonment
• 12) Transferability
• 13) Exclusivity
• 14) Operational Supervision

3. PETROLEUM REFINING AND NATURAL GAS PROCESSING

• 1) Installation Of New Refineries And Plants
• 2) Obligations And Liabilities

4. TRANSPORT OF PETROLEUM, PETROLEUM DERIVATIVES AND NATURAL GAS

• 1) Maritime Transport
• 2) Pipelines
• 3) Port And Storage Facilities
• 4) Obligations And Liabilities

5. IMPORT/EXPORT OF PETROLEUM, PETROLEUM BYPRODUCTS AND NATURAL GAS

• 1). Imports
• 2). Exports
• 3). Obligations And Liabilities
• 4). Domestic Market Guarantee Of Supply

6. DISTRIBUTION OF PETROLEUM, PETROLEUM BYPRODUCTS AND NATURAL GAS

• 1) Distributors
• 2) Facilities
• 3) Obligations And Liabilities

7. SANCTIONS AND PENALTIES

• 1) Sanctions
• 2) Penalties

8. THE ENVIRONMENT

• 1) Licenses And Authorizations
• 2) Reporting
• 3) Reclamation Of Degraded Land
• 4) Liability For Environmental Damages And Sanctions

9. TAXES AND ROYALTIES

• 1) Taxes Applicable To Oil And Gas Activities
• 1.1. Income Tax
• 1.2. ICMS - the Tax on Distribution of Goods and Services
• 1.3. Import/Export Duties and Taxes
• 1.4. IPI - the Tax on Manufactured Products
• 1.5. ISS - the Tax on Services
• 1.6. PIS, COFINS and CSL
• 1.7. Payroll Deductions
• 2) Government Take
• 3) Landowners Royalties

10. FOREIGN CAPITAL

• 1) Investments
• 1.1. Profit Remittance
• 1.2. Repatriation
• 1.3. Investment Transfer Abroad
• 1.4. Remittances Abroad
• 2) Loans
• 1.1. Interest Payment
• 3) Foreign Currency Accounts

11. DISPUTE RESOLUTION

12. GOVERNMENT AGENCIES

• 1) Brazilian Petroleum Agency - ANP
• 2) Brazilian Energy Policy Council - CNPE
• 3) Environmental Agencies
• 4) The Central Bank Of Brazil - BACEN

Chile

Table of Contents

• 1) The eminent domain of the State.
• 2) The Mining Concessions Generally:
• 3) The Exploration and Exploitation of Hydrocarbons:

• 1) Empresa Nacional del Petr61eo:
• 2) Direct Exploration and Exploitation:
• 3) Indirect Exploration and Exploitation:
• 4) Expropriations in Favor of ENAP:

• 1) Legal Nature and Main Characteristics:
• 2) Compensation:
• 3) Tax and Customs Regimes of the Contractor:
• 4) Tax and Customs Regimes of the Subcontractors:
• 5) Special Expropriations:
• 6) Invariability:

 Columbia

Table of Contents

Author: Br1gard & Urrutia - Abogados is a law firm established in Bogota, Colombia since 1935. The firm, with its six partners, has a total staff of over sixty persons between attorneys, paralegals and support personnel.

• 1) Exploration and Production Title:
• 1.1. Application:
• 1.2. Proceedings:
• 1.3. Title:
• 2) Applicants
• 1.1. Legal Capacity:
• 1.2. Financial Capacity:
• 1.3. Minimum Capital:
• 1.4. Technical Capacity:
• 1.5. Association with Foreign Companies:
• 1.6. Joint Ventures:
• 3) Types of Contracts
• 1.1. Association Contract:
• 1.2. Risk Sharing Contracts
• 1.3. Incremental Production Contracts
• 4) Size of Area
• 5) Duration
• 6) Rights
• 7) Obligations and Liabilities
• 1.1. General Terms
• 1.2. Operations for which only one of the parties assumes the risk
• 1.3. Royalties
• 1.4. Technology transfer
• 1.5. Local Employees
• 1.6. Utilization of Local Products
• 1.7. Reporting
• 8) Surface Owner
• 9) Reduction of the Area and Relinquishment
• 10) Rescission, Termination and Abandonment
• 11) Transferability
• 12) Exclusivity
• 13) Restrictions for the participation in companies pursuing other activities
• 14). Dispute Resolution

• 1.1. Installation of Plants And Refineries

• 1.1. Maritime Transportation
• 1.2. Pipelines
• 1.3. Vehicles

• 1.1. Protection of the National Market
• a). Supply of the National Market
• b). Restrictions on Imports and Exports

• 1.1. Distributing Companies
• 1.2. Installations
• a) Supply plants
• b) Service Stations

• 1. Environmental Licenses and Authorizations
• 1.1 Environmental License
• 1.2. Environmental Authorizations
• 1.3. Regulations Applicable to Transitional Period
• 2. Reports
• 3. Restoration of Degraded Areas for the Oil Exploration 
      and
• Production
• 1.1. Reclamation
• 4. Liability for environmental damages and Sanctions
• 1.1. Administrative Sanctions

• 1. Taxes:
• 2. Government Take and Royalties:

• 1. Investments
• 2. Special Foreign Exchange Regime for Oil and Gas Companies
• 3. Loans
• 4. Other Foreign Exchange exceptions connected with oil 
      and gas activities
• 5. International Agreements for the protection of Foreign Investment

10. GOVERNMENT AGENCIES

Ecuador

Table of Contents

1. THE OIL AND GAS INDUSTRY

1) Ownership

• 1.2 Exploration, Development and Production
• a) History
• b) Type of contracts
• c) Description of Contracts Award System
• d) The Participation Contract
• 1 Concept
• 2 Size of Area
• 3 Terms and Periods
• 4 Exploration Period
• 1.3 Exploitation Period
• 1.4 Principal obligations and rights of the Parties
• a) From the Contractor
• b) From PETROECUADOR
• c) Surface Owner and Real Rights
• d) Government and Contractor's take

2) Government and Contractor’s Stake

• 1.1 Guarantees
• 1.2 Insurance
• 1.3 Accounting
• 1.4 Termination
• 1.5 Transferability
• 1.6 Supervision of the Operations

3) Downstream

• 1.1 Transportation
• 1.2 Refining
• 1.3 Pricing and foreign marketing
• 1.4 Service Stations

II. ENVIRONMENTAL PROTECTION

III. RESOLUTION OF CONTROVERSIES

IV. TAXATION

V. FOREIGN CURRENCY MANAGEMENT

Mexico

Table of Contents

• 2.1 Exploration and Production Title
• 2.1.1 Application.
• 2.1.2 Title.
• 2.1.3 Proceedings.
• 2.2 Applicants.
• 2.2.1 Legal Capacity,
• 2.2.2 Financial, Minimum Capital and Technical Capacity.
• 2.2.3 Association with Foreign Companies.
• 2.2.4 Joint Ventures.
• 2.3 Size of Area.
• 2.4 Duration.
• 2.5 Rights.
• 2.5.1 Security of Tenure.
• 2.6 Obligations and Liabilities.
• 2.6.1 Local Employees.
• 2.6.1.1 Basis of Employment Relationship.
• 2.6.1.2 Duration of the Employment Relationship.
• 2.6.1.3 Dismissals.
• 2.6.1.4 Fringe Benefits.
• 2.6.1.5 Employee's Profit Sharing.
• 2.6.1.6 Social Security Law and Employees' Housing Fund Law.
• 2.6.1.7 INFONAVIT -The National Employees' Housing Fund Institute.
• 2.6.1.8 Employee Savings Fund ("SAR⁹').
• 2.6.1.9 "Substitution" of Employer
• 2.6.1.10 Collective Bargaining Agreements.
• 2.6.1.11 Right to Strike.
• 2.6.2 Utilization of Local Products.
• 2.6.3 Reporting.
• 2.7 Surface Owner.
• 2.8 Reduction of the Area, Rescission, Termination, 
       Abandonment and Relinquishment.
• 2.9 Transferability.
• 2.10 Exclusivity.
• 2.11 Supervision of the Operations,

• 3.1 Installation of Plants and Refineries.
• 3.2 Obligations and Liabilities.

• 4.1 Maritime Transportation.
• 4.1.1 Oil and its by-products transportation.
• 4.1.2 Natural Gas Transportation.
• 4.1.3 Liquefied Petroleum Gas Transportation
• 4.1.4 Navigation Regulation.
• 4.2 Pipelines.
• 4.3 Port Installations and Storage.
• 4.4 Obligations and Liabilities.

• 5.1 Protection of the Domestic Market and Distribution within the Domestic Market.
• 5.1.1 Restrictions applicable to imports and exports.

• 6.1 Distributing Companies.
• 6.2 Installations.
• 6.3 Obligations and Liabilities.

• 7.1 Licenses and Authorizations.
• 7.2 Restoration of Degraded Areas for the Oil Exploration and Production.
• 7.3 Liability for Environmental Damages and Sanctions.
• 7.3.1 Administrative Liability.
• 7.3.2 Civil Liability.
• 7.3.3 Criminal Liability.
• 7.3.4 Sanctions.

• 8.1 Taxes.
• 8.2 Government take and Royalties.
• 8.2.1 Oil Extraction Fee.
• 8.2.2 Extraordinary Oil Extraction Fee.
• 8.2.3 Oil Extraction Additional Fee.
• 8.2.4 Oil Earnings Tax.
• 8.2.5 Hydrocarbon Fee.
• 8.2.6 Special Production and Services Tax.
• 8.2.7 Value Added Tax.
• 8.2.8 Import Taxes.
• 8.2.9 Export Tax.
• 8.2.10 Benefits for Exceeding Renderings.
• 8.2.11 Generic Fees.

• 9.1 Investments.
• 9.1.1 Remittance of Profits.
• 9.1.2 Reparation.
• 9.2 Loans.
• 9.2.1 Payment of Interest.
• 9.3 Foreign Investment Restrictions.

• 10.1 Policy Making.
• 10.2 Executive and Granting Authority.
• 10.3 Environment Agency.
• 10.4 Central Bank.

Peru

Table of Contents1. INTRODUCTION

2. PERUVIAN HYDROCARBON LEGISLATION

• 2.1 The general principles of oil and gas exploration and exploitation
       activities in Peru included in the Political Constitution of Peru 
       and in the Organic Law for Hydrocarbons.
• 2.2 Hydrocarbon Exploration and Exploitation Contracts
• 2.2.1 License Contract
• 2.2.2 Services Contract
• 2.2.3 Technical Evaluation Agreement
• 2.2.4 Rating requirements for hydrocarbon contractors
• 2.2.5 Object of Hydrocarbon Contracts
• 2.2.6 Technical aspects of hydrocarbon exploration and 
          exploitation contracts
• 2.2.6.1 Areas and time limits of the contract
• 2.2.6.2 Minimum amount of work programs and withholding periods
• 2.2.6.3 The contractor's technical, economic and financial obligations
• 2.2.6.4 Submission of mandatory information to the competent authorities
• 2.2.7 Economic and financial aspects of hydrocarbon exploration 
         and exploitation contracts.
• 2.2.7.1 Free disposal of hydrocarbons
• 2.2.7.2 Royalty treatment in license contract and repayment in 
            services contract
• 2.2.7.3 Guarantees of free availability and handling of foreign currency
• 2.2.8 Termination of the contract
• 2.3 Transportation of Hydrocarbons
• 2.3.1 Rights of the Holders of the Final Concession for the 
           Transportation of Hydrocarbons
• 2.3.2 Obligations of the Holders of the Final Concession for 
           the Transportation of Hydrocarbons
• 2.4 Refining, Processing and Storage of Hydrocarbons
• 2.5 Distribution and Marketing of Hydrocarbons
• 2.5.1 Distribution of Hydrocarbons
• 2.5.2 Marketing of Hydrocarbons

3. ENVIRONMENTAL LEGISLATION IN THE HYDROCARBONS SECTOR

• 3.1 The Political Constitution of Peru and the Organic Law for the 
       Sustainable Development of Natural Resources
• 3.2 The Environmental and Natural Resources Code
• 3.3 The Organic Law for Hydrocarbons and Regulations for 
       Environmental Protection in Hydrocarbon Activities

4. TAXATION IN THE HYDROCARBONS SECTOR

• 4.1 Introduction
• 4.2 Taxes applicable to hydrocarbons activities
• 4.2.1 Income Tax
• 4.2.2 General Sales Tax
• 4.2.3 Selective Consumption Tax
• 4.2.4 Tariffs
• 4.2.5 Contributions
• 4.2.6 Rates
• 4.2.7 Special tax benefits to companies located in the Amazon Region
• 4.3 Taxation and Foreign Exchange Stability Regime

5. PROMOTION OF INVESTMENTS IN OIL AND GAS EXPLORATION 
    AND EXPLOITATION ACTIVITIES

• 5.1 Introduction
• 5.2 The principal characteristics of the general regime for the promotion of private investment in Peru.
• 5.2.1 Unrestricted private initiative
• 5.2.2 Protection of the right to private property
• 5.2.3 Equal treatment for Peruvian and foreign investors
• 5.2.4 Remittances abroad
• 5.2.5 Right to enter into Juridical Stability Agreements
• 5.3 Register of Foreign Capital

6. GOVERNMENT AGENCIES

• 6.1 Introduction
• 6.2 Ministry of Energy and Mines (MEM)
• 6.2.1 General Bureau of Hydrocarbons (DGH)
• 6.2.2 General Bureau of Environmental Affairs (DGAA)
• 6.3 Regional Bureaus of Energy and Mines
• 6.4 State Corporation Perupetro S.A.
• 6.5 Agency for the Supervision of Energy Investment (OSINERG)
• 6.6 Environmental Protection Agencies
• 6.6.1 National Environmental Council (CONAM)
• 6.6.2 National Environmental Fund (FONAM)

7. DISPUTE RESOLUTION

Venezuela

1. LEGAL FRAMEWORK OF THE OIL INDUSTRY IN VENEZUELA

• 1.1 Introduction.
• 1.2 From the Concession Regime to Nationalization
• 1.3 Petroleos de Venezuela, S.A. (PDVSA)
• 1.4 PDVSA and Affiliates.
• 1.5 Ministry of Energy and Mines (MEM).
• 1.6 First, Second and Third Rounds.
• 1.61. Overview of the operating agreements
• 1.62. Main rights and obligations of contractor
• 1.6.3. Main rights and obligations of PDVSA P&G
• 1.6.4 Service fee
• 1.7 Exploration round/Profit sharing.
• 1.71 Framework of conditions.
• 1.8 Orinoco Extra Heavy Oil Belt.
• 1.81 Overview of the association agreements.

2. OVERVIEW OF THE LEGAL FRAMEWORK OF THE GAS SECTOR IN VENEZUELA

• 2.1 Introduction.
• 2.2 Nationalization law.
• 2.3 Internal Market law.
• 2.4 Natural Gas law.
• 2.5 Gas Decree and Gas Resolution.
• 2.6 Ongoing projects in the gas sector.
• 2.7 Internal Market of gasoline and other by-products

3. THE VENEZUELAN OIL & GAS TAX REGIME.

• 3.1 Overview.
• 3.11 Income Tax.
• 3.12 The Luxury and Wholesale Tax (Impuesto al Consume Suntuario y 
          Ventas al Mayor, also known as Sales Tax, IVA Tax or Value Added Tax).
• 3.13 Business Assets Tax. A.4. Municipal Taxes.
• 3.2 Tax regime of PdVSA and its affiliates.
• 3.21 Income Tax Law.
• 3.22 Hydrocarbon Law Taxes.
• 3.33 Value Added Tax.
• 3.34 Royalties.
• 3.4 Participation of private capital in the oil and gas industry.
• 3.41 Strategic Associations.
• 2.42 The Services and Operating Agreements.

4. ENVIRONMENTAL LEGAL FRAMEWORK FOR OIL AND GAS ACTIVITIES.

• 4.1 Introduction.
• 4.2 Environmental Authorities.
• 4.3 Licenses and Authorizations.
• 4.4 Reports.
• 4.41 Liquid Effluents.
• 4.42 Atmospheric Emissions.
• 4.43 Hazardous Recoverable Materials and Hazardous Waste.
• 4.44 Obligation to report in case of oil spills.
• 4.5 Restoration of Degraded Areas for Oil Exploitation and Production.
• 4.6 Liability for Environmental Damages and Sanctions.
• 4.61 Criminal Liability and Sanctions.
• 4.62 Civil Liability.

5. FOREIGN INVESTMENT IN OIL AND GAS

• 5.1 Introduction.
• 5.2 Andean Pact Foreign Investment Code.
• 5.3 Historical Analysis of Restrictions on Foreign Investment.
• 5.4 Nationalization.
• 5.5 Repatriation of profits.
• 5.6 Current Venezuelan Regulations - No Restrictions.
• 5.6I Technology.
• 5.62 Foreign Investment Registration.

Book Overview