AZERBAIJAN: Law No. 439-IG of 1998 on Subsoil (2019 Ed.)
The Law was adopted in 1998 to establish legal framework for subsoil in the Republic of Azerbaijan. The focus areas of the present Law include efficient and sustainable use of subsoil resources, expansion of exploration activities along with sustaining the base of mineral resources, protection and restoration of the environment, enabling favorable conditions for investments into the subsoil sector. The policy highlights main drivers and challenges for the development of mineral resources in Azerbaijan, addresses gaps in productive capacities and identifies existing environmental concerns. Significant attention is given to the issue of nature conservation and restoration in the area of the Caspian Sea. ---- The present Law complies with the provisions of the Constitution of the Republic of Azerbaijan and other relevant legal acts on subsoil. ---- Art. 8 stipulates that individuals and legal entities have rights over exploration and exploitation of mineral resources in the Republic of Azerbaijan.