RESOLUTION OF THE PRESIDENT OF TURKMENISTAN

of February 20, 2006 No. 7776

About approval of the Regulations on the Turkmengeologiya State corporation, the number of staff and monthly salary fund of Corporation and its jurisdictional enterprises and organizations

1. Approve enclosed:

Regulations on the Turkmengeologiya State corporation;

number of staff and monthly salary fund of the Turkmengeologiya State corporation and its jurisdictional enterprises and organizations. *

2. Declare invalid the resolution of the President of Turkmenistan from 22 Bitaraplyk 1997 No. 3464 "About approval of the Regulations on the Turkmengeologiya State corporation (Collection of acts of the President of Turkmenistan and decisions of the Government of Turkmenistan, 1997, Art. No. 11-12, 4329).

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.

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* Are not brought.

Approved by the resolution of the President of Turkmenistan of February 20, 2006 No. 7776

Regulations on the Turkmengeologiya State corporation

1. The Turkmengeologiya state corporation (the Corporation is referred to as) is the single production and economic complex realizing state policy in the field of studying and reproduction of mineral resources of the extracting industries of Turkmenistan and providing the accelerated complex studying of subsoil of Turkmenistan, identification and investigation of new oil fields, gas, underground waters, solid minerals, surplus of explored reserves of hydrocarbonic and hydromineral raw material, control of geological studying of subsoil, collection and storage of information on mineral deposits.

Corporation, carrying out the state program of exploration works, is at the same time state customer and the state contractor on conducting exploration works in the territory of Turkmenistan.

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