About Oil, Gas & Energy Law in Amman, Hashemite Kingdom of Jordan
The Hashemite Kingdom of Jordan, particularly the capital city Amman, is a significant player in the oil, gas and energy sector. The country is a net energy exporter, with a focus on renewable energy and energy-efficient technologies. The legal framework of the oil, gas & energy sector is dictated by the Jordanian Natural Resources Authority which provides regulations and guidelines to manage and control the exploitation of oil, gas, and other natural resources.
Why You May Need a Lawyer
Understanding and navigating the complex legal landscape of oil, gas, and energy in Jordan can be challenging due to the specialist nature of this field. You may need a lawyer to establish product rights, comply with regulation, negotiate and draft contracts, handle potential litigations, understand tax implications, and resolve other matters. Particularly, if you intend to invest, develop a project or establish a company in the sector, legal professional guidance can protect your interests and ensure all activities are legally compliant.
Local Laws Overview
Two primary laws govern the oil, gas & energy industry in Jordan. The Petroleum Law governs the exploration and production of petroleum resources. It outlines the terms and conditions for obtaining exploration and exploitation rights, compensation practices, and resolution of disputes. The Renewable Energy and Energy Management Law supports and regulates renewable energy development in Jordan. This law provides the framework for agreements between private investors and the government and governs various incentives including tax exemptions, customs relief, and other financial incentives for renewable energy projects.
Frequently Asked Questions
What are the key laws governing the oil, gas, and energy industry in Jordan?
The Petroleum Law and the Renewable Energy and Energy Efficiency Law are the key legislations governing the oil, gas, and energy industry in Jordan
Do I need a license to invest or operate in the oil, gas & energy sector?
Yes, licenses are needed to invest or operate in the oil, gas & energy sector, as mandated by law. The Jordanian government issues different types of licenses for exploration, production, distribution, and storage.
Are there any specific local content requirements in the sector?
While there isn’t any stated requisite for local content in Jordan’s oil and gas law, the government encourages the use of local resources and manpower wherever available.
How are disputes settled in the Jordanian oil, gas, and energy sector?
Disputes related to license contracts are resolved under the terms and conditions outlined in the Petroleum Law. It is common for such disputes to be resolved through arbitration and the law applicable is often Jordanian law.
Are there incentives for investing in the renewable energy sector in Jordan?
Yes, Jordan offers numerous incentives for investing in the renewable energy sector, which includes tax exemptions, customs relief, and other financial incentives.
Additional Resources
The Ministry of Energy and Mineral Resources and the Jordanian Natural Resources Authority are important governmental bodies overseeing the oil, gas & energy sector. They provide valuable information about laws, regulations and any potential updates regarding the sector.
Next Steps
If you need legal assistance in the field of Oil, Gas & Energy in Jordan, it is advisable to seek a local legal practitioner with expertise in Jordan's energy sector. Ensure to discuss all your concerns, provide the full context of your situation, and understand all applicable laws and regulations. Always maintain transparency with your legal team to aid in getting accurate advice and timely help.
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Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation.
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