නිල පරිවර්තනයවෙනස් නොකළ පාඨය, Department of Government Printing වෙතින්
(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