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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