RESOLUTION OF THE PRESIDENT OF TURKMENISTAN

of February 9, 1998 No. 3543

About creation of Research prospecting institute of the Turkmengeologiya State corporation

For the purpose of increase in efficiency of scientific research in the field of exploration works and providing industries of economy of Turkmenistan with explored reserves of minerals, and also I decide improvements of quality of training of specialists:

1. Create Research prospecting institute of the Turkmengeologiya State corporation based on the abolished Institute of geology of Academy of Sciences of Turkmenistan and divisions of prospecting profile of Institute of oil and gas of Turkmengaz State concern.

2. Approve the enclosed Regulations on Research prospecting institute of the Turkmengeologiya State corporation and its structure.

3. Establish the number of employees of Research prospecting institute of the Turkmengeologiya State corporation in number of 160 units, including research associates - 140 people, and limit of official cars - 2 units.

4. Transfer in accordance with the established procedure to Research prospecting institute of the Turkmengeologiya State corporation:

a) the building of the abolished Institute of geology Academy of Sciences of Turkmenistan, at the address: Ashgabat, Prospekt Magtymguly, 81, and also its fixed assets, material and vehicles;

b) rooms, fixed assets, material means of divisions of Institute of oil and gas of Turkmengaz State concern according to the enclosed list.

5. Transfer in accordance with the established procedure to Institute of oil and gas of Turkmengaz State concern fixed assets, material means of laboratories of acoustics of ultrahigh frequencies and molecular acoustics of the abolished Physics and technology institute Academies of Sciences of Turkmenistan.

6. Determine that financing of Research prospecting institute of the Turkmengeologiya State corporation is performed at the expense of means of the State fund of development of the oil and gas industry and mineral resources of Turkmenistan.

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