Legal Insight

New legal framework on local content for the oil sector

03/05/2019
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The draft for the Presidential Decree that will regulate the legal framework on local content for the oil sector (the "Draft") is under public consultation. The current legal regime is regulated by Order 127/03 of 25 November 2003.

The Draft introduces new concepts and substantial changes in the oil & gas contracting paradigm and how E&Ps interact with their suppliers and service providers.

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