The Association is founded in order to promote hydrocarbon exploration and production in Latvia, to protect and represent interests and legal rights of its Members in their relationship with state and municipal authorities, to participate in the development, harmonization and further improvement of laws and regulatory acts; to realize, protect and popularize interests of members of the Association connected to hydrocarbon exploration and production in Latvia, to provide accessibility of information about legislative and regulatory changes and other events, relating to hydrocarbon exploration and production, to promote Members personnel advanced training, as well as to further cooperation with related organizations either in Latvia and in other countries.
Hydrocarbons which are widely known as the petroleum raw material was found in Latvia already in sixties of the last century, but industrial production of hydrocarbon has not been started, because in Soviet times these hydrocarbon reserves has been considered as small compared to, for example, Siberian oil fields. Oil production technology developed rapidly, and now even the small reserve development is possible.
LAT ENG
"Baltic Hydrocarbon Exploration and Production Association" participates in: