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The Bangladesh Petroleum Act, 1974

( ACT NO. LXIX Of 1974 )

Right of Government to explore, etc. of Petroleum
3. (1) The Government shall have, within the territory, continental shelf and economic zone of Bangladesh, exclusive right to explore, develop, exploit, produce, process, refine and market petroleum.
 
 
 
 
(2) The Government shall plan, promote, organise and implement programmes for exploration, development, exploitation, production, processing, refining and marketing of petroleum.
 
 
 
 
(3) In particular, and without prejudice to the generality of the foregoing provisions, the Government may take such steps as it thinks fit-
 
 
 
 
(a) to carry out geological, geophysical and other surveys for the exploration of petroleum;
 
 
 
 
(b) to carry out drilling and other prospecting operations to prove and estimate the reserves of petroleum;
 
 
 
 
(c) to undertake such other activities as may lead to the establishment of such reserves;
 
 
 
 
(d) to undertake the production of petroleum from such reserves and the refining of such petroleum;
 
 
 
 
(e) to sell, distribute, transport and otherwise dispose of petroleum and its refined products;
 
 
(f) to contribute towards the cost of any studies, experiments or technical research connected with petroleum;
 
 
 
 
(g) to undertake, assist or encourage the collection, maintenance and publication of statistics, bulletins and monographs;
 
 
 
 
(h) to undertake any other activity which is supplemental, incidental or consequential to any of the activities aforesaid, or which may be prescribed by rules made under this Act.

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