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Law & Regulation

Title
PETROLEUM AND PETROLEUM SUBSTITUTE FUEL BUSINESS ACT
Hit
1086
Category Energy/Resources SOURCE APEC-VC Korea
Url http://www.apec-vc.or.kr/?p_name=database&sort=program&gotopage=5&query=view&unique_num=M20150721033 contact

CONTENTS

1. Purpose 
* The purpose of this Act is to develop the national economy and improve the peoples lives by stabilizing the supply and demand as well as the prices of petroleum and ensuring the proper quality of petroleum products and petroleum substitute fuel 
2. Definitions 
* The term "petroleum" means crude oil, natural gas (including liquefied natural gas; hereinafter the same shall apply) and petroleum prod- ucts 
* The term "petroleum products" means gasoline, kerosene, light oil, heavy oil, lubricant, hydrocarbon oil equivalent thereto and petro- leum gas (including liquefied petroleum gas; hereinafter the same shall apply), which fall under each of the following items 
- Hydrocarbon oil: Aviation fuel, solvents, asphalt, naphtha, base oil (including the manufactured oil; hereinafter the same shall apply), petroleum intermediate products (referring to middle distillate) and secondary fuel oil (referring to petroleum by-products used as fuel oil as a substitute for kerosene or heavy oil) 
- Petroleum gas: Propane, butane and fuel gas made by mixing propane and butane 
* The term "petroleum by-products" means petroleum products that derive as by-products from the process of manufacturing goods other than petroleum products 
* The term "petroleum refinery business" means a business refining petroleum to manufacture petroleum products (excluding petroleum by-products) 
* The term "petroleum export-import business" means a business exporting and importing petroleum 
* The term "petroleum sales business" means a business selling petroleum 
* The term "petroleum refinery business operator" means anyone who runs a business refining petroleum after registering or reporting the business in accordance with Article 5 



For more information, see the attached file.
file
 
update
07-08-2015
No Category Title File Update Hit
27 Energy/Resources ACT ON THE SPECIAL ACCOUNTS FOR ENERGY AND RESOURCES-RELATED PROJECTS 07-08-2015 1064
26 Energy/Resources INTEGRATED ENERGY SUPPLY ACT 07-08-2015 1075
25 Energy/Resources PETROLEUM AND PETROLEUM SUBSTITUTE FUEL BUSINESS ACT 07-08-2015 1087
24 Energy/Resources ENERGY USE RATIONALIZATION ACT 07-08-2015 736
23 Energy/Resources ACT ON NEW AND RENEWABLE ENERGY 07-08-2015 756
22 Energy/Resources ENERGY ACT 07-08-2015 789
21 Energy/Resources Major Contents of Amendment to the Act on the Promotion of Saving and Recycling of Resources 15-12-2013 1205
20 Energy/Resources Tentative Amendment to the Enforcement Rule of Act on the Promotion of Saving and Recycling of Resources 09-12-2013 1290
19 Energy/Resources Insulation standard for new buildings, to be tightened by 10~30% from September, this year 22-03-2013 1987
18 Energy/Resources Guidelines for Implementing the Subsidies for the Natural Gas Vehicle Distribution Project 06-03-2013 1913
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