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srilawsby aturio
As enacted
Contents

Part III · Petroleum Resources Agreement, Exploration Blocks and Development Licences

14. Rights of Contractor under Development License

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

A Contractor to whom a Development Licence has been issued, shall have the right to recover, store, transport, and sell the share of the petroleum resources to which the

Contractor is entitled under the terms of the relevant Petroleum

Resources Agreement, subject to the provisions of this Act and to repatriate the proceeds of the sale of such petroleum resources.

Read on from s 15

Part IV

Functions of the Secretariat

Read on from Part IV

Part V

Fiscal Provisions

Read on from Part V

Part VI

General

Read on from Part VI