RESOLUTION OF THE PRESIDENT OF TURKMENISTAN

of February 4, 2003 No. 6121

About creation of the Industry commission on liquidation of wells on oil, gas and other minerals and to write-off of costs on their construction and approval of the Regulations on procedure for liquidation of oil, gas and other wells and write-off of costs for their construction

For the purpose of state regulation of questions of protection of subsoil of Turkmenistan against pollution and interbedded overflows, enhancement of procedure when designing, drilling, operation, preservation and liquidation of deep wells on oil, gas and other minerals, developments of the rules meeting international standards, and I decide increases in responsibility for resulting effects of works:

1. Create under the Ministry of the oil and gas industry of mineral resources of Turkmenistan the permanent industry commission on liquidation of wells on oil, gas and other minerals and to write-off of costs for their construction the Industry commission) in structure according to appendix hereinafter is referred to as further.

2. Approve the enclosed Regulations on procedure for liquidation of oil, gas and other wells and write-offs of costs for their construction.

3. Quarterly to represent to the industry commission to the Cabinet of Ministers of Turkmenistan data on the wells liquidated in the accounting period.

4. To impose control over the implementation of this resolution on the Vice-chairman of the Cabinet of Ministers of Turkmenistan Gurbanmuradov E.

Appendix

to the resolution of the President of Turkmenistan of February 4, 2003 No. 6121

Structure of the Industry commission on liquidation of wells on oil, gas and other minerals and to write-off of costs for their construction

Tagiyev T. - Minister of the oil and gas industry and mineral resources of Turkmenistan (commission chairman)

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