RESOLUTION OF THE PRESIDENT OF THE REPUBLIC OF UZBEKISTAN

of March 27, 2008 No. PP-824

About measures for project implementation for construction and operation of the Uzbekistan-China gas pipeline

For the purpose of ensuring timely project implementation of construction of the Uzbekistan-China gas pipeline according to the arrangements reached between the Government of the Republic of Uzbekistan and the Government of People's Republic of China:

1. Approve the Agreement between the Government of the Republic of Uzbekistan and the Government of People's Republic of China "About the principles of construction and operation of the Uzbekistan-China gas pipeline of April 30, 2007.

2. Take into consideration that:

between NHK "Uzbekneftegaz" and the Chinese National Oil and gas Corporation the Agreement on the principles of construction and operation of the Uzbekistan-China gas pipeline is signed;

for designing, construction and operation of the Uzbekistan-China gas pipeline between NHK "Uzbekneftegaz" and the Chinese National Oil and gas Corporation joint business Asia Trans Gas LLC with equal equity of the parties on 50 percent is created;

development of the feasibility study for the specified project will be conducted according to the legislation of the Republic of Uzbekistan regarding observance of environmental and construction standards and requirements of industrial safety, and also the international standards necessary for the organization of project financing and attraction of borrowed funds;

customer and the financing body for implementation of this project at the expense of borrowed funds is JV Asia Trans Gas LLC;

authorized body of the Republic of Uzbekistan on project implementation is NHK "Uzbekneftegaz".

3. Approve the schedule of preparation and project implementation of construction of the Uzbekistan-China gas pipeline, with commissioning in 2010, according to appendix.

To provide to Gosarkhitektstroy of the Republic of Uzbekistan expert support of the project documentation and control of quality of construction, installation works in accordance with the established procedure.

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