Regulatory Framework

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CONPET is an active presence in what concerns the regulation of the legal framework outlining its line of business. In collaboration with the regulatory authorities, we have assisted, more than once, to the draft and subsequent adoption of normative acts chartering the company status.

Relevant Acts

Law 31/1990 – Companies’ Act;

Law 213/1998 -Law Regarding the Public Property and its Legal Status;

G.D. 793/2002 – Pipeline System Concession Agreement;

Law 238/2004 – Oil Law;

GEO no. 195/2005 on environmental protection;

GEO no. 109/2011 regarding the corporate governance of the public enterprises;

Law no. 24/2017 regarding the issuers of financial instruments and market operations;

ASF Regulation no. 5/2018 regarding the issuers of financial instruments and market operations;

NAMR President’s Order nr. 306 of 19 October 2023 on the approval of the Framework Contract for the transport of crude oil, rich gas, condensate and ethane for 2024 published in the Official Gazette Part I no. 1.004 of November 6, 2023

NAMR President’s Order nr. 340/15.12.2023, published in the Official Gazette of Romania, Part I, no. 1153/20.12.2023 on the approval of transport tariffs through the National Transport System of crude oil, rich gas, condensate and ethane with applicability from 1 January 2024

Law no. 544/2001 on the free access to information of public interest;

Law no.  182/2002 regarding the protection of the classified information;

GD no. 123/2002 regarding the methodological norms for the application of Law no. 544/2001;

GEO 195/2005 – regarding the Environmental Protection;

N.A.M.R. Order no. 196/2006 for the approval regarding the approval of the updated technical norms and prescriptions, specific to the protection zones and safety zones related to the National System for the transportation of crude oil, rich gas, condensate and ethane;

Order of the Ministry of Economy and Trade No. 47 of July 21, 2003 for the approval of the Procedure for issuing the opinion in order to authorize the execution of constructions located in the vicinity of the objectives/systems in the oil and natural gas sector

Legislation regulating the HSEQ area;

Standing Rules and Instructions of the Financial Supervisory Authority (Rom. A.S.F.);

Other Relevant Legal Acts

Romanian Labor Code;

Decisions of the Company’s General Meeting of Shareholders;

Decisions of the Board of Directors;

Organizational and Operational Guidelines of CONPET S.A.;

Collective Labor Agreement;

Employment Contract.