Petroleum Development Act 1974

Initially exxon and shell refused to surrender their concessions and refused to negotiate with petronas.

Petroleum development act 1974. Petronas was incorporated on 17 august 1974 and tengku razaleigh became its inaugural chairman. The petroleum development act of 1974 pda vested petronas with the entire ownership in and the exclusive rights powers liberties and privileges of exploring exploiting winning and obtaining petroleum whether onshore or offshore of malaysia. Act a613 1 october 1974 be it enacted by the duli yang maha mulia seri paduka baginda yang di pertuan agong with the advice and consent of the dewan negara and dewan rakyat in parliament assembled and by the authority of the same as follows. Act 144 petroleum development act 1974 an act to provide for exploration and exploitation of petroleum whether onshore or offshore by a corporation in which will be vested the entire ownership in and the exclusive rights powers liberties and privileges in respect of the said petroleum and to control the carrying.

B 501 1974 be it enacted by the seri paduka baginda yang di pertuan agong with the advice and consent of the dewan negara and dewan rakyat in parliament assembled and by the authority of the same as follows. In exercise of the powers conferred by section 7 of the petroleum development act 1974 the prime minister hereby makes the following regulations. These regulations have been made on the basis of the the petroleum development act 1974. This act may be cited as the.

Ownership of the 2. This act may be cited as the petroleum development act 1974. Short title and commencement. Existing bodies and companies to submit data information and records.

Petroleum development act 1974 laws of malaysia reprint act 144 petroleum development act 1974 incorporating all amendments up to 1 january 2006 published by the commissioner of law revision malaysia under the authority of the revision of laws act 1968 in collaboration with percetakan nasional malaysia bhd 2006 2 laws of malaysia act 144.