Laws Information

法規資訊
Title: Petroleum Administration Act
Am Date: 2014-06-04
Legislative History: Promulgated and executed after revision by Presidential Decree on June 4, 2014

Transaction

Amended

Article 36
The Petroleum Fund will be used for the following purposes:
1. To maintain the government petroleum security stockpile.
2. To subsidize the set up of petroleum facilities in remote, aboriginal and offshore areas as well as transportation outlays, and offer price subsidies.
3. To establish award of encouraging the exploration for and development of oil and natural gas reserves with feedback mechanism.
4. To implement research and development, application and promotion on energy policy, oil development technology, and alternative energies.
5. To make the security and reasonable effective use of oil & gas(include LPG) as well as to develop and promote the oil-saving technology and method.
6. Subsidy of rewarding the heat use of renewable energy to replace the petroleum energy.
7. Operation subsidy of a municipality, a county, or a city competent authority to implement the oil management and the ban, inspection or auditing that stated in the first paragraph of Article 54 in this Law.
8. To implement other necessary measures deemed necessary by the central competent authority to stabilize the oil supply and maintain the oil market order.
The central competent authority reserves the right to adopt or maintain subsidies, subsidy targets, and subsidy scope and any measures relating to the preceding subparagraph 2.