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