Alqanoni

Law of Petroleum and Petrochemical Products

Art. 15
Status unknownSaudi ArabiaRegulation

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

1. Without prejudice to any penalty provided for in any other law, any person who exports, or attempts to export, outside the Kingdom a priced petroleum product or a material containing a priced petroleum product without a license shall be subject to one or more of the following penalties: a) Imprisonment for a term not exceeding five years. b) 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 c) Confiscation of the items subject of the violation. 2. When determining the penalty, the circumstances of the violation shall be taken into account as well as the difference between the global price of the product subject of the violation and the price set therefor at the time of detection. 3. The Public Prosecution shall, pursuant to its jurisdiction, investigate the violations referred to in paragraph (1) of this Article and prosecute such violations before the competent authority. Law of Petroleum and Petrochemical Products

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

Freshness not yet recorded

Related articles

Citing judgments

No judgments citing this article have been indexed yet.

Amendment timeline

No amendment history recorded.