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The Bangladesh Petroleum Act, 1974

( ACT NO. LXIX Of 1974 )

Definitions
2. In this Act, unless there is anything repugnant in the subject or context,-
 
 
 
 
(a) “continental shelf” and “economic zone” have the same meaning as in the Territorial Waters and Maritime Zones Act, 1974 (XXVI of 1974);
 
 
 
 
1[* * *]
 
 
 
 
(c) “petroleum” means-
 
 
 
 
(i) any naturally occurring hydrocarbon, whether in a gaseous, liquid or solid state;
 
 
 
 
(ii) any naturally occurring mixture of hydrocarbons, whether in a gaseous, liquid or solid state; or
 
 
(iii) any naturally occurring mixture of a hydrocarbon or hydrocarbons, whether in a gaseous, liquid or solid state, and one or more of the following, that is to say, hydrogen sulphide, nitrogen, helium and carbondioxide;
 
 
 
 
(d) “petroleum agreement” means a production sharing agreement or any other agreement or contract relating to any petroleum operation;
 
 
 
 
(e) “petroleum operation” means any activity related to exploration, development, exploitation, production, processing, refining or marketing of petroleum.

  • 1
    Clause (b) was omitted by section 2 of the Bangladesh Petroleum (Amendment) Ordinance, 1976 (Ordinance No. LIV of 1976)
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