Even when Cuba lacks a current specific legislation oil, oil activities are governed by the constitutional and common law in force in the Republic of Cuba, mainly:
-Constitution of the Republic, which establishes the state, imprescriptible and inalienable ownership, on hydrocarbons in the national territory and the exercise of sovereignty over them in the Exclusive Economic Zone.
-Foreign Investment Law, which establishes the main principles for the processing and execution of foreign investment businesses in Cuba.
-Civil Code and Commercial Code of the Republic of Cuba, regulators of the universe of commercial legal relations in the Cuban society.
-Tax System Act, which sets the tax system applicable to national and foreign legal entities conducting operations in Cuba or obtain income from Cuban source.
-Environment Act and National Defense Act, which establish the policy and obligations for the environmental preservation and the compatibility of oil activities with the interests of defense.
-Regulations of those laws.
-Administrative technical rule enacted by the regulatory authorities of the oil and environmental management.
At present, the evaluation of a specific legal framework for the oil activity is being prepared.