Petroleum

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