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Natural Resources Law

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Chapter Summary

The Sub-soil law provides for the use of sub-soil based upon the licensing system, but also refers to production sharing which is regulated by the Production Sharing Law. The Production Sharing Law provides that the use of sub-soil under a production sharing system is based upon a contract. The Production Sharing Law has a provision on transportation of the products. The share of the production to which the investor is entitled can be exported in accordance with the terms and manner determined by the production sharing agreement without being subject to quotas. The history of sub-soil legislation in Russia can be seen as a struggle between two camps: those who support the use of sub-soil to be regulated by public or administrative law and those who support this to be regulated by private law contracts.

Keywords: licensing system; private law contracts; production sharing law; production sharing system; Russia; sub-soil law

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