Law on hydro-carbon resources (1996). Country/Territory Turkmenistan Document type Legislation Date 1996 Source FAO, FAOLEX Subject Energy, Mineral resources Keyword Oil Natural gas Contract/agreement Exploration Mining Authorization/permit 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 Entry into force from the date of its official publication. Abstract The present Law is aimed at rational and efficient use of hydro-carbon resources and conservation of natural resources of Turkmenistan for the future generations. The document consists of XI Chapters that contain 61 Articles. Chapter I (arts. 1-3) lays down general provisions. Chapter II (Arts.4-6) determines competence of the Cabinet of Ministers, authorized institution and concern in the sphere of use of hydro-carbon resources. Chapter III (Arts.7-22) regards licensing of oil prospecting activity. Chapter IV (Arts.23-27) regards agreements. Chapter V (Arts.28-35) regards carrying out oil extraction activity. Chapter VI (Arts.36-37) establishes the rights and the obligations of the contractors. Chapter VII (Arts.38-42) regards main pipe-lines. Chapter VIII (Arts.43-45) regards environmental protection. Chapter IX (Arts.46-49) regards finances and taxes. Chapter X (Arts.50-57) establishes legal terms and conditions. Chapter XI (Arts.58-61) lays down final provisions. Full text Russian References - Legislation Implemented by Presidential Decree No. 3189 regarding implementation of the Law on hydro-carbon resources (1996). Legislation | Turkmenistan | 1997 Keyword: Institution, Oil, Exploration, Contract/agreement Source: FAO, FAOLEX Amended by Law on amendments and addenda to the Law on hydro-carbon resources (1996). Legislation | Turkmenistan | 2005 Keyword: Institution, Contract/agreement Source: FAO, FAOLEX Law amending Law on hydro-carbon resources (1996). Legislation | Turkmenistan | 2005 Keyword: Institution, Contract/agreement Source: FAO, FAOLEX Repealed by Law No. 208-III “On hydrocarbons”. Legislation | Turkmenistan | 2008 Keyword: Oil, Exploration, Mining, Authorization/permit, Contract/agreement, Royalties/fees Source: FAO, FAOLEX