RESOLUTION OF THE PRESIDENT OF TURKMENISTAN

of February 20, 2006 No. 7775

About approval of the Charter and other questions of Head department of Turkmennebitonumleri of the Ministry of the oil and gas industry and mineral resources of Turkmenistan

1. Approve enclosed:

Charter of Head department of Turkmennebitonumleri of the Ministry of the oil and gas industry and mineral resources of Turkmenistan;

number of staff and monthly salary fund of Head department of Turkmennebitonumleri of the Ministry of the oil and gas industry and mineral resources of Turkmenistan. *

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

3. 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.

Approved by the resolution of the President of Turkmenistan of February 20, 2006, No. 7775

Charter of Head department of Turkmennebitonumleri of the Ministry of the oil and gas industry and mineral resources of Turkmenistan

1. The head department of Turkmennebitonumleri of the Ministry of the oil and gas industry and mineral resources of Turkmenistan (the Head department is referred to as) is the state company which is providing accounting, timely and uninterrupted supply and realization of oil products in the domestic market of Turkmenistan, acting as the asset holder of the industrial goods distributed in centralized procedure.

2. The head department in the activities is guided by the Constitution of Turkmenistan, the laws of Turkmenistan, acts of the President of Turkmenistan, resolutions of Majlis of Turkmenistan, decisions of the Cabinet of Ministers of Turkmenistan, the Ministry of the oil and gas industry and mineral resources of Turkmenistan and this Charter.

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