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As enacted
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Part I · Petroleum Development Authority of Sri Lanka

3. Establishment of the Petroleum Development Authority of Sri Lanka

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

(1)

There shall be established an Authority to be called and known as the Petroleum Development Authority of

Sri Lanka (hereinafter referred to as the "Authority").

(2)

The Authority shall, by the name assigned to it by subsection (1), be a body corporate and shall have perpetual succession and a common seal and may sue and be sued in its corporate name.

(3)

The Authority shall be responsible for –

(a)

making recommendations in respect of the

National Policy on Upstream Petroleum

Industry to the Policy Advisory Committee;

(b)

implementing the provisions of the Act; and

(c)

performing all regulatory functions connected to the upstream petroleum industry in Sri

Lanka, in the manner provided for in the Act.

Read on from s 4

Part II

Administration and Management of the Authority

Read on from Part II

Part III

Ownership of Petroleum Resources and Petroleum Data and Formulation of National Policy on Upstream Petroleum Industry

Read on from Part III

Part IV

Read on from Part IV

Part V

National Petroleum Operator

Read on from Part V

Part VI

Fiscal Provisions

Read on from Part VI

Part VII

Chief Executive Officer and Staff of the Authority

Read on from Part VII

Part VIII

Petroleum Resources Development Fund

Read on from Part VIII

Part IX

General Provisions

Read on from Part IX