Regulation For The Authorization Of Hydrocarbon-Derived Liquid Fuel Marketing Activities
Mondaq Business Briefing › Ecuador Law Articles in English (2002)
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Regulation For The Authorization Of Hydrocarbon-Derived Liquid Fuel Marketing Activities
Reglamento Para Autorización De Actividades De Comercialización De Combustibles Líquidos Derivados De Los Hidrocarburos (en Español)
Legal Report No.13, 2001(Supplement to Official Gazette 445 of November 1, 2001)Presidential Decree No. 2024 rules the marketing activities of liquid fuels derived from hydrocarbons in Ecuador. These activities include the importation, exportation, storage, transportation, distribution and sale performed by local or foreign, natural or juridical persons on a national level.Based on the requirements established in the Regulation, the Ministry of Energy and Mines approves, through a ministerial decree, applications to engage in marketing activities of hydrocarbon-derived liquid fuels. Applications must be filed with the Ministry of Energy and Mines along with the required documents in authenticated form. Authorization will be given for the term stated in the application, without any exclusivity, and can be renewed upon an e...See the full content of this document
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