LAW OF THE KYRGYZ REPUBLIC

of April 10, 2002 No. 49

About production sharing agreements in case of subsurface use

Accepted by General Court of Jogorku Kenesh of the Kyrgyz Republic on March 11, 2002

This Law establishes the legal basis of the relations arising in the course of implementation of domestic and foreign investments in search, investigation and development of mineral deposits in the territory of the Kyrgyz Republic on the terms of the production sharing agreements signed according to this Law.

Chapter I General provisions

Article 1. The relations regulated by this Law

1. This Law governs the relations arising in the course of the conclusion, execution and the termination of production sharing agreements and determines the main legal conditions of such agreements.

2. The relations which are not settled by this Law, including arising in the course of use of the earth and other natural resources are regulated by the relevant laws.

3. The relations arising in the course of search, investigation and development of mineral deposits, the Section of the made products, and also its transportation, processing, storage, conversion, use, realization or the order otherwise are regulated by the production sharing agreement signed according to this Law.

The rights and obligations of the Parties of the production sharing agreement having civil nature are determined according to this Law and the civil legislation of the Kyrgyz Republic.

4. If legal acts of the Kyrgyz Republic determine other rules, than those which are provided by this Law, in the field of regulation of the relations specified in Item 1 of this Article rules of this Law are applied.

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