Bill Type
Congress Name
Long Title
AN ACT TO PROMOTE EXPLORATION, DISCOVERY AND PRODUCTION OF INDIGENOUS OIL AND GAS AND FOR OTHER PURPOSES
Date filed
October 21, 1998
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB04847 | |
| FULL TITLE : AN ACT TO PROMOTE EXPLORATION, DISCOVERY AND PRODUCTION OF INDIGENOUS OIL AND GAS AND FOR OTHER PURPOSES | |
| ABSTRACT : "Oil and Gas Act of 1998". Aims to (1) stregthen State control over petroleum operations; (2) establish a framework for natural gas development; (3) provide new incentives for the development of private Filipino-owned petroleum exploration companies; (4) provide the government a fair proportion of windfall profits, etc. | |
| PRINCIPAL AUTHOR/S : FUENTEBELLA, ARNULFO P. | |
| DATE FILED : 1998-10-21 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. | 2. |
| 3. | |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON ENERGY ON 1998-10-23 | |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON WAYS AND MEANS |
Abstract
"Oil and Gas Act of 1998". Aims to (1) stregthen State control over petroleum operations; (2) establish a framework for natural gas development; (3) provide new incentives for the development of private Filipino-owned petroleum exploration companies; (4) provide the government a fair proportion of windfall profits, etc.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.