RESOLUTION OF THE PRESIDENT OF TURKMENISTAN

of January 7, 1999 No. 4026

About approval of the Regulations on State concern on arrangement of oil and gas fields of Turkmenistan Turkmenneftegazstroy

Approve the enclosed Regulations on State concern on arrangement of oil and gas fields of Turkmenistan Turkmenneftegazstroy.

Approved by the resolution of the President of Turkmenistan of January 7, 1999 No. 4026

Regulations on State concern on arrangement of oil and gas fields of Turkmenistan Turkmenneftegazstroy

1. The state concern on arrangement of oil and gas fields of Turkmenistan Turkmenneftegazstroy (the Concern is referred to as) is the state-owned company performing all types of construction of facilities of oil and gas complex. The concern has complete independence in questions of operational production management and economic activity and submits to the President of Turkmenistan and the Cabinet of Ministers of Turkmenistan.

2. The concern 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, the Concept of the President of Turkmenistan about fuel and energy complex development, and also this Provision.

3. The main objectives of Concern are:

implementation of decisions of the President of Turkmenistan and the Government of Turkmenistan concerning construction industry of oil and gas complex;

determination of the priority directions of development of oil and gas construction, use of mechanisms of their effective realization.

expert and analytical providing construction projects of the companies and objects of oil and gas complex;

work on arrangement of oil and gas fields of Turkmenistan;

construction new and reconstruction of the operating pipeline systems, the oil and gas processing companies, objects of industrial function, and also objects of the social sphere for oil and gas and other industries of Turkmenistan;

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