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Regulation on the authorized state institution on hydrocarbons management.

Country/Territory
Turkmenistan
Document type
Regulation
Date
1997
Source
FAO, FAOLEX
Subject
Mineral resources
Keyword
Institution Authorization/permit Contract/agreement
Geographical area
Asia, Caspian Sea, Central Asia, CIS (Commonwealth of Independent States), Europe and Central Asia, Landlocked Developing Nations, North Asia
Abstract

This Regulation establishes that the authorized state institution on hydrocarbons management shall have exclusive plenary powers for the issuance of licences and making contracts related to hydrocarbons management. The authorized state institution on hydrocarbons management shall carry out the following tasks: (a) acceptance and presentation of investment proposals in relation to the development of oil and gas sector, strategy and priorities of the use of hydrocarbon resources; (b) carrying out negotiations with the potential licence holder; (c) issuance of licences; (d) supervision over the implementation of the concluded contracts related to hydrocarbons management; and (e) periodical reporting to the President of Turkmenistan on extraction and management of hydrocarbons.

Full text
Russian
Website
aarhus.ngo-tm.org