DIÁRIO DA REPÚBLICA – Series 1 of November 12, 2004LAW Nº 11/04On Customs Regulations Applicable to the Oil-Industry SectorRepeals, in that part regarding norms related to this customs regime, all subject matter contained in decree-laws and concession decrees currently in force.LAW Nº 11/04OF NOVEMBER 12, 2004Oil operations, because of the high risk they involve and the large volume of investments they require, justify their having a customs regime different from that in place for other economic activities.The standardization of customs regulations applicable to the different oil concessions and contained in the respective concession decrees, is needed not only to establish a system of equity for the treatment of those entities investing in the oil sector, but also to facilitate state authorities in applying the said regulations.Under these terms, within the framework of that stipulated in paragraph f) of article 90 of the Constitutional Law, the...