LAW OF TURKMENISTAN

of March 14, 2020 No. 238-VI

About modification and amendments in the Law of Turkmenistan "About hydrocarbonic resources"

I. Bring in the Law of Turkmenistan "About hydrocarbonic resources", adopted on August 20, 2008 (Sheets of Majlis of Turkmenistan, 2008, No. 3, Art. 40; 2010, No. 1, Art. 20; 2011, No. 3, Art. 61, No. 4, Art. 82; 2012, No. 2, Art. 53, No. 4, Art. 119; 2016, No. 3, Art. 119; 2017, No. 4, Art. 147; 2018, No. 2, Art. 43), following changes and amendments:

To add 1) in preamble after the word of "production" with the words "and conversions";

2) in Article 1:

in item 4 after the word "Agreement" to add with the words "and corresponding License" and to "delivery and marketing (sale)" shall be replaced with words words to "delivery, marketing and realization";

state Item 11 in the following edition:

"11) Oil works – all works on Investigation, Production and Conversion performed according to the Agreement and the corresponding License.";

in Item 21 after the word "Agreement" to add with the words "and corresponding License";

state Item 30 in the following redakyotion:

"30) Hydrocarbonic resources – the Crude oil and Natural gas and also made from them, received as a result of their cleaning or products and components, including oil, petrochemical and gas-chemical products received as a result of their conversion, the liquefied gas and other products extracted together with them.";

add with Item of the following content:

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