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Petroleum Pipelines Act, 2003 (Act No. 60 of 2003)

Chapter 1 : Definitions and Objects

2. Objects of Act

 

The objects of this Act are to—

(a) promote competition in the construction and operation of petroleum pipelines, loading facilities and storage facilities;
(b) promote the efficient, effective, sustainable and orderly development, operation and use of petroleum pipelines, loading facilities and storage facilities;
(c) ensure the safe, efficient, economic and environmentally responsible transport, loading and storage of petroleum;
(d) promote equitable access to petroleum pipelines, loading facilities and storage facilities;
(e) facilitate investment in the petroleum pipeline industry;
(f) provide for the security of petroleum pipelines and related infrastructure;
(g) promote companies in the petroleum pipeline industry that are owned or controlled by historically disadvantaged South Africans, by means of licence conditions to enable them to become competitive;
(h) promote the development of competitive markets for petroleum products;
(i) promote access to affordable petroleum products; and
(j) ensure an appropriate supply of petroleum to meet market requirements.