LAW No. 9,478 - Dealing with national energy policy, oil monopoly activities, establishing the National Energy Policy Council and the National Petroleum Agency and making other arrangements.

Last updated: 24 January 2020

This law sets forth the general national policy for oil production. It provides the basis for rules that assess royalty payments on flared methane:

Article 47. Royalties shall be paid monthly, in national currency, from the beginning of the commercial production of each field, in an amount corresponding to ten percent of the production of oil or natural gas.

Paragraph 3 Gas flaring, to the detriment of its commercialization, and product loss under the concessionaire's responsibility will be included in the total production volume to be computed to calculate the royalties due.

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