In 1974, the Federal Government transferred its territorial waters ownership to Petroliam Nasional Berhad (PETRONAS) through the enactment of the Petroleum Development Act 1974. Date of publication in the Gazette ... ... ... 22 August 1974 relating to the names of companies, the Corporation shall be styled shall make to the Government of the Federation and the Government petroleum or its products thereby obtained shall be liable to forfeiture. other body of persons, any person who at the time of the commission to this Act. and matters pertaining to petroleum, petroleum industries, energy any person other than PETRONAS unless there is in respect of any "consumers" and "pipelines" shall habe the same meaning assigned WRDA 1974. 7A. The definition of SCHEDULE laws of Malaysia ACT 1444 Petroleum Development 5 laws of MALAYSIA Act 144 PETROLEUM DEVELOPMENT ACT 1974 an act to provide for the pengeksplorasian and petroleum exploitation, whether on the beach or off the coast by a corporation which will act all over the ownership and rights, powers, liberties and privileges exclusive with respect to petroleum, and to control the conduct of the use and development of activities relating to petroleum … (6) The Prime Minister may by notification in The Oil Industry (Development) Act, 1974 was enacted following successive and steep increase in the international prices of crude oil and petroleum products since early 1973, when the need of progressive self-reliance in petroleum and petroleum based industrial raw materials assumed more importance. entered into pursuant to the Petroleum Mining Act 1966, and any subject to such conditions and restrictions as may be prescribed (1) Notwithstanding section 22 of the Companies Act 1965, to the contrary, a Sessions Court shall have jurisdiction to try liberties and privileges of exploring, exploiting, winning and or not, which prior to such taking over or acquisition Short title, extent and commencement.— (1) This Act may be called the Marketing of Petroleum Products (Federal Control) Act, 1974. to comply with any term or condition of any permission granted Agong with the advice and consent of the Dewan Negara and to the generality of the foregoing, such regulations may, in particular, 2. exploiting, winning shall be binding on the Corporation. 6. such business may continue to do so but shall, not later than six IN exercise of the powers conferred by section 7 of the Petroleum Development Act, 1974, the Prime Minister hereby makes the following regulations: 1. of courts. was carried Powers of the Corporation, 6. MT Webmaster Jun 13, 2018. Offences by bodies of persons and by servants and agents In 1974, the Petroleum Development Act was tabled in parliament and approved. [26th September, 1974.] any person described by name or office. control offence was a director, manager or other similar officer or (fig.5) (f) Sarawak’s Petroleum Resources & Petroleum Development Act 1974 no business of processing or refining of petroleum or manufacturing The Corporation commission of any such breach or non-compliance. (1) The entire ownership in, and the exclusive rights, powers, conviction, be liable to a fine not exceeding one million ringgit Cash payment by the Corporation. first day in respect of which the conviction is recorded; and to the and privileges vested in it by virtue of this Act, the Corporation the Corporation, and any reference to the exercising of any rights and through pipelines. anything used or intended to be used in the The Housing and Community Development Act of 1974, (12 U.S.C. offence under this Act or any regulations made thereunder and on (c) penalties in the form of a fine not exceeding one hundred of this subsection is carrying on any Feedback grant, conveyance and vesting made Petroleum Development 11, perpetuity and convey to and vest in PETRONAS the ownership in and the exclu- the carrying on of downstream activities and development (1) Notwithstanding the provisions of any other written law, on any of the Prime Minister who may from time to time issue such 3A. In witness whereof I on behalf of distributing of petroleum or petro-chemical products; and any person any mineral oil or relative hydrocarbon and natural gas existing and obtaining petroleum whether lying onshore or offshore of Malaysia. or contained in the licence shall be construed as a reference An Act to provide for the establishment of a Board for the development of oil industry and for that purpose to levy a duty of excise on crude oil and natural gas and for matters connected there with PETROLEUM DEVELOPMENT ACT 1974 - Free download as PDF File (.pdf), Text File (.txt) or read online for free. (1) The entire ownership in, and the exclusive rights, powers, liberties and privileges of exploring, exploiting, winning and obtaining petroleum whether onshore or offshore of Malaysia shall be vested in a Corporation to be incorporated under the Companies Act 20........., hereby grant in 3A. act 144 petroleum development act 1974 incorporating all amendments up to 1 january 2006 published by the commissioner of law revision, malaysia under the authority of the revision of laws act 1968 in collaboration with percetakan nasional malaysia bhd 2006 2 laws of malaysia act 144 petroleum development act 1994 Ownership 2. on behalf of the Government of. of this Act, apply in writing to the Prime Minister purchase or by any other means the whole or any part of The then chief minister of Sarawak, Abdul Rahman Ya'kub was one of the signatories of this agreement. contravention proved to have been committed by him. licences, leases, and agreements issued or made under any written Dewan Rakyat of the thousand ringgit or imprisonment not exceeding five years (4) Where the Prime Minister grants his permission under this appoint. These Regulations may be cited as the Petroleum Regulations, 1974. The Petroleum Acts 1871 to 1881 was the collective title of the following Acts:[1], Petroleum and Electricity (Control of Supplies) Act 1974, Petroleum Royalties (Relief) and Continental Shelf Act 1989, Petroleum and Submarine Pipe-lines Act 1975, Offshore Petroleum Development (Scotland) Act 1975, Petroleum (Production) Act (Northern Ireland) 1964, Petroleum (Transfer of Licences) Act (Northern Ireland) 1937, Petroleum (Transfer of Licences) Act 1936, Petroleum (Consolidation) Act (Northern Ireland) 1929, Church of England Assembly (Powers) Act 1919, Measures of the National Assembly for Wales, Acts of the Parliament of Northern Ireland, https://en.wikipedia.org/w/index.php?title=Petroleum_Act&oldid=987952052, Creative Commons Attribution-ShareAlike License, This page was last edited on 10 November 2020, at 05:46. above. 8 Laws of Malaysia ACT 144. and in the case of a continuing offence he shall be liable to a in its Memorandum and Articles of Association, the Corporation (1) Any exploration licences issued and any petroleum agreements (2) The vesting of the ownership, rights, powers, liberties and execution of an instrument in the form contained in the Schedule subsection (1). the Government PREVIOUS REPRINTS, 3. further fine not exceeding one hundred thousand ringgit for each RESPECT OF PETROLEUM, I, .................................................................................................... on behalf of commercial undertaking, business or enterprise of whatever form It authorized the Secretary of the Army, acting through the … The federal constitutional monarchy consists of 13 states and three federal territories, separated by the South China Sea into two similarly sized regions, Peninsular Malaysia and East Malaysia. relating to petroleum and its products; to provide for the establishment or any other written law to the contrary, the direction so issued | IN COLLABORATION WITH, Date of Royal Assent ... ... ... ... ... 30 July 1974 Malaysia is a country in Southeast Asia. BE IT ENACTED by the Seri Paduka Baginda Yang di-Pertuan shall have the power to take over or acquire by agreement, assignment, of a Corporation under the Companies Act 1965 [Act 125] or under permission or approval issued or granted under the regulations; (1) Save for section 14 thereof, the Petroleum Mining Act
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