Function of Department Petroleum
Functions of the department
- Formulation of policies and regulations for petroleum sector development
- Establish and manage prices setting guidelines to ensure sustainable sector development.
- Facilitate enabling environment for petroleum actors including import and marketing of oil and gas.
- Establish strategic reserves for oil and gas in Puntland to protect the country from shortages and price surges
- Establish of oil and gas quality assurance standards for importers, transporters distributors and marketers
- Develop and manage the pipeline and inland petroleum and gas depots to ensure sustainable distribution of petroleum and petroleum products
- Create and manage petroleum marketing regions guidelines to ensure fair competition among the marketers
- Establish a market arbitration tribunal to hear and determine disputes on oil and gas
- Establish petroleum exploration guidelines to inform prospecting and drilling of oil within Puntland territories
- Establish and manage a national refinery to reduce cost of petroleum and petroleum products in Puntland
- Develop and manage licensing and permits regulations and guidelines for explorers, importers, transporters and marketers of petroleum and Petroleum products
- Establish and manage petroleum and Petroleum products testing laboratories to ensure standards are observed across the value chain
- Review international petroleum and petroleum products prices to inform market prices setting
- Participate in regional and international petroleum and Petroleum products bilateral and multilateral agreements formulation
- Represent Puntland in regional and international oil and gas meetings, conferences and workshops
- Provide custodial services for Puntland Oil and Gas exploration concessions and agreements