RESOLUTION OF THE PRESIDENT OF TURKMENISTAN

of February 20, 2006 No. 7772

About approval of the Regulations on Turkmengaz State concern, the number of staff and monthly salary fund of Concern and its jurisdictional enterprises and organizations

1. Approve enclosed:

Regulations on Turkmengaz State concern;

number of staff and monthly salary fund of Turkmengaz State concern and its jurisdictional enterprises and organizations. *

2. Declare invalid the resolution of the President of Turkmenistan from 22 Bitaraplyk 1997 No. 3463 "About approval of the Regulations on Turkmengaz State concern (Collection of acts of the President of Turkmenistan and decisions of the Government of Turkmenistan, 1997, Art. No. 11-12, 4328).

3. Determine that this resolution becomes effective with 1 Turkmenbashi of 2006.

4. To impose control over the implementation of this resolution on the Minister of the oil and gas industry and mineral resources of Turkmenistan Atayev G.

______________________

* Are not brought.

Approved by the resolution of the President of Turkmenistan of February 20, 2006 No. 7772

Regulations on Turkmengaz State concern

1. The Turkmengaz state concern (the Concern is referred to as) is the state company performing development of gas fields, production, conversion and transportation of natural gas and gas condensate, and also gas sale and products of its conversion for export for the purpose of providing economic and social conditions of effective development of fuel and energy complex.

In the activities the Concern submits to the President of Turkmenistan and the Cabinet of Ministers of Turkmenistan.

2. The concern has complete independence in questions of operational production management and economic activity.

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