This Regulation makes minor changes in “definitions” section in Article 3 of the Regulation. This Regulation amends Article 6 regarding preliminary application, Article 8 regarding petroleum exploration license, Article 10 regarding application evaluation, Article 14 regarding publication, Article 18 regarding procedures and principles for petroleum operating license, Article 19 regarding notification, Article 20 regarding periods of notification, Article 28 regarding release of guarantee, Article 29 regarding state’s share, Article 34 regarding money transfer, Article 35 regarding export of materials, and Article 36 regarding transfer and vending of materials. Furthermore Annexes 6, 16, 17, 18, 20, 24, 26, 27, 29, 30, 31, 32, 33, 34, 38, 40, 41, 42, 43, 44, 45 and 50 were amended and attached to this Regulation. This Regulation repeals Paragraph 9 of Article 32, Paragraph 3 of Article 37 and Annex-8. This Regulation adds the Provisional Clause 1 regarding employment of personnel of foreign nationality.