Alqanoni

Law of Petroleum and Petrochemical Products

Art. 14
Status unknownSaudi ArabiaRegulation

Issued by Ministry of Investment (misa.gov.sa)

1. Without prejudice to the provisions of Article 15 of this Law or to any harsher penalty provided for in any other law, any person who violates the provisions of this Law or the Regulations or the terms of the license shall be subject to one or more of the following penalties: a) Suspension of the license for a period not exceeding 10 years. b) Revocation of the license. c) A fine not exceeding thirty million riyals (SAR 30,000,000), or not exceeding quadruple the global price of the petroleum product subject of the violation at the time of detection, whichever is higher. d) A fine not exceeding five thousand riyals (SAR 5,000) for each day the violation continues; such fine shall be calculated as of the date specified in the decision imposing the penalty. 2. When imposing the fine referred to in this Article, a distinction shall be made between the perpetrator of a violation and a participant therein, and between a committed violation and an attempted violation. The nature of the activity; the type, gravity, and impact of the violation; the proceeds of the violation; and any aggravating and mitigating circumstances shall also be taken into consideration. 3. The penalty decision may provide for the publication of its summary at the violator’s expense in a local newspaper or through any other appropriate medium determined by the committee provided for in Article 18 of this Law, based on the type, gravity, and impact of the violation, provided that publication is made only after the decision becomes final.

The Arabic text is the legally binding version. The English translation is provided for guidance only.

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