RESOLUTION OF THE PRESIDENT OF TURKMENISTAN

of June 4, 1997 No. 3184

About approval of the Procedure for relations of the State fund of development of the oil and gas industry and mineral resources of Turkmenistan with concerns and corporations of oil and gas complex and the Government budget of Turkmenistan

According to the resolution of the President of Turkmenistan of April 7, 1997 "About increase in production efficiency and financial improvement of economy of Turkmenistan" and for the purpose of further enhancement of calculations for the realized gases and oil products, and also streamlinings of accounting and the reporting under the companies and organizations of oil and gas complex I decide No. 3089:

1. Approve and enact since June 1, 1997. The procedure for relations of the State fund of development of the oil and gas industry and mineral resources of Turkmenistan with concerns and corporations of oil and gas complex and the Government budget of Turkmenistan (is applied).

2. Assign to the State trade corporation "Turkmenneftegaz" creation of the summary accounting report on the gas industry for 1996 on the basis of the submitted annual reports of the Turkmengaz and Turkmenneft State concerns constituted proceeding from sales amounts of natural and associated gas and gas condensate on sales prices in the external and internal markets according to the Procedure approved by this resolution.

3. Recognize invalid:

the resolution of the President of Turkmenistan of July 4, 1996 No. 2727 "About approval of the Procedure for relations of the State fund of development of the oil and gas industry and mineral resources of Turkmenistan with the State trade corporation "Turkmenneftegaz" and the Government budget of Turkmenistan";

the resolution of the President of Turkmenistan of October 10, 1996 No. 2816 "About modification of the Procedure for relations of the State fund of development of the oil and gas industry and mineral resources of Turkmenistan with the State trade corporation "Turkmenneftegaz" and the Government budget of Turkmenistan";

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