Law of Ukraine

"On Amendment to Certain Legislative Acts of Ukraine on the List of Sites of Subsurface Resources"

Date of entry into force:
November 17, 2011

The Law withdraws clause 11 of Article 8, clause 2 of Article 9, and clause 2 of Article 9-1 of the Code of Ukraine on Bowels:
  • the competence of the Cabinet of Ministers of Ukraine in the sphere of geological exploration, use and protection of the bowels includes adopting the list of sites of subsurface resources (mineral resource deposits) the use of which can be granted on terms determined by production sharing agreements;
  • the competence of the Verkhovna Rada of the Autonomous Republic of Crimea, according to the procedure established by the Code of Ukraine on Bowels and other legislative acts, includes coordinating the list of sites of subsurface resources (mineral resource deposits) the use of which can be granted on terms determined by production sharing agreements;
  • the competence of regional councils and the Kyiv and Sevastopol city council, according to the procedure established by the Code of Ukraine on Bowels and other legislative acts, includes coordinating the list of sites of subsurface resources (mineral resource deposits) the use of which can be granted on terms determined by production sharing agreements.

The Law withdraws the provisions of part 2, Article 6 of the Law of Ukraine "On Production Sharing Agreements", according to which the List of Sites of Subsurface Resources (Mineral Resource Deposits) the use of which can be granted on terms determined by production sharing agreements is adopted by the Cabinet of Ministers of Ukraine, based on joint suggestion of the Interdepartmental Commission and appropriate central executive power bodies, with preliminary agreement of this list with the Verkhovna Rada of the Autonomous Republic of Crimea or the body of local self-government, and published in the official media of Ukraine and foreign mass media.

The new version of part 3, Article 6 of the Law of Ukraine "On Production Sharing Agreements" envisages that is it forbidden to change the geographical coordinates of sites of subsurface resources (mineral resource deposit) that are subject of a concluded production sharing agreement, subject of an announced competition to conclude a production sharing agreement, or subject of negotiation by the Interdepartmental Commission to conclude a production sharing agreement.
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