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Presidential Decree No. 3189 regarding implementation of the Law on hydro-carbon resources (1996).

Country/Territory
Turkmenistan
Document type
Regulation
Date
1997
Source
FAO, FAOLEX
Subject
Mineral resources
Keyword
Institution Oil Exploration Contract/agreement
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
Presidential Decree enters into force on the date of signature.
Abstract

This Presidential Decree validates the Regulation on the authorized institution on the use of hydrocarbons and the form of Contract on joint exploration and extraction of oil and natural gas. The authorized state institution on the use of hydrocarbons shall have exclusive plenary powers as regards issuance of licences and conclusion of contracts for the management of hydrocarbons. The authorized state institution shall carry out the following functions: (a) validation of common rules and regulations for exploration and extraction of hydrocarbons; and (b) issues licences and registers contracts on exploitation of hydrocarbon deposits and product-sharing contracts.

Full text
Russian
Website
www.cis-legal-reform.org

References - Legislation

Implements

Law on hydro-carbon resources (1996).

Legislation | Turkmenistan | 1996

Keyword: Oil, Natural gas, Contract/agreement, Exploration, Mining, Authorization/permit

Source: FAO, FAOLEX