The Petroleum Code establishes the modalities for prospecting, research, exploitation and transport of hydrocarbons, as well as it specifies the rights and obligations linked to petroleum operations. Its flexibility makes it possible to negotiate three types of contracts: the Concession Contract, the Production Sharing Contract and the Risk Service Contract.
The Gas Code specifies in particular the accounting, financial, tax and customs provisions applicable to activities linked to gas development. It provides for the concession regime, the license regime and the authorization regime.
These texts provide incentive measures to encourage investments in the hydrocarbon sector.