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Law No. 312-II on production-sharing agreements.

Country/Territory
Uzbekistan
Document type
Legislation
Date
2001 (2003)
Source
FAO, FAOLEX
Subject
Mineral resources
Keyword
Concession Contract/agreement Exploration Minerals Mining Authorization/permit
Geographical area
Aral Sea, Asia, Asia and the Pacific, 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

The purpose of this Law is to regulate the conclusion, execution and termination of production-sharing agreements under which the Government shall grant concessions to foreign investors for mining operations. Such agreements must address: (a) project description and the period of validity of agreement; (b) the modalities for conceding subsoil for management; (c) rights and duties of the parties; (d) taxation and payments; (e) compensation and terms and conditions of production sharing; (f) dispute settlement; and (g) termination. All related licences for subsoil management shall be issued within five working days of signature of the production sharing agreement and shall be valid for the same period of time.

Full text
Russian
Website
pravo.uz