Organic Law that regulates activities on Hidrocarbons in national territory

Article 8 determines that hidrocarbons are state ownership. It creates Perupetro S.A., which owns exclusive right over hidrocarbons. This state company can contract with private parties, where ownership right over hidrocarbons will be transfered. Article 43 establishes national emergency measures where the state can acquire, if needed, hidrocarbons from local productors at international prices established in each contract.

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