Law amending Law No. 208-III “On hydrocarbons”. Country/Territory Turkmenistan Document type Legislation Date 2011 Source FAO, FAOLEX Subject Mineral resources Keyword Royalties/fees Geographical area Asia, Caspian Sea, Central Asia, CIS (Commonwealth of Independent States), Europe and Central Asia, Landlocked Developing Nations, North Asia Entry into force notes This Law enters into force on the date of its official publication. Abstract Article 51 shall be amended to add the following wording: “Royalty for extraction of hydrocarbons, set in percentage to the extracted amount of hydrocarbons or to cost of manufactured products to be paid by contractor in either in monetary terms or in part of hydrocarbons extracted by contractor in the process of execution of oil works in conformity with contracts specified in the Article 21 of the present Law”. Full text Russian Website www.turkmenistan.gov.tm References - Legislation Amends Law No. 208-III “On hydrocarbons”. Legislation | Turkmenistan | 2008 Keyword: Oil, Exploration, Mining, Authorization/permit, Contract/agreement, Royalties/fees Source: FAO, FAOLEX