Turkmenistan's Oil and Gas Sector: Overview of the Legal Regime for Foreign Investment

Hines, Jonathan H.; Marchenko, Alexander V.
November 2006
Journal of Energy & Natural Resources Law;Nov2006, Vol. 24 Issue 4, p495
Academic Journal
Turkmenistan's vast hydrocarbon reserves have attracted a number of foreign investors ranging from independents to some world majors since the country gained its independence following the collapse of the USSR in 1991. This attention arouses interest to the legal and practical aspects of foreign investment regulations in Turkmenistan, both generally and in the petroleum exploration and extraction, in particular. This article describes the salient features of this regime: the backbone Petroleum Law (the principal act that lays the foundation for E&P project regulation there), various subordinate acts, and other laws of general application that are of particular importance for foreign investors (such as tax, customs and currency control, labour rules, conflict of laws and dispute resolution principles).


Related Articles

  • Significance of Surface Lineaments for Gas and Oil Exploration in Part of Sabatayn Basin-Yemen. Mohammed, Arafat; Palanivel, K.; Kumanan, C. J.; Ramasamy, S. M. // Journal of Geography & Geology;Sep2010, Vol. 2 Issue 1, p119 

    Sabatayn basin is one of the two mature basins producing oil and gas in Yemen. Due to the recent decline in oil production, the exploration activities have been extensively concentrated mainly on these two basins (Sabatayn and Sayun-Masilah). So, this present study has been conducted to evaluate...

  • New sector; new opportunities.  // African Business;Jan2014 Supplement, p21 

    The article focuses on the investment opportunities for both domestic and foreign investors in the oil and gas sector in Ghana. It focuses on the oil reserve discoveries in Ghana by international companies, and various oil exploration projects. It also focuses on the government's efforts to...

  • Industry Forecast Scenario.  // Libya Oil & Gas Report;Q1 2012, Issue 1, p18 

    The article presents a forecast for the Libyan oil and gas sector. It is said that a lot of area of Libya is considered under-explored and has the potential to hold substantial reserves. Libya's top energy official claimed proven oil reserves had risen 1.26bn bbl and gas reserves were up 50bcm,...

  • Deepwater operators look to new frontiers. Nelson, Kerri; DeJesus, Michael; Chakhmakhchev, Alex; Manning, Melissa // Offshore;May2013, Vol. 73 Issue 5, p34 

    The article offers the authors' insight on their analysis of the history of the existing discoveries included in the IHS International Field database from 2007 to 2012. The authors say that deepwater discoveries are considered the major source of new oil and gas discoveries across the world in...

  • Mozambique has delayed an offer of new oil and gas exploration blocks.  // World Energy News;3/20/2013, p6 

    The article reports that an offer of new oil and gas exploration blocks was delayed by Mozambique until after proposed changes to its petroleum law have been approved.

  • Baghdad's struggle to unlock oil. Tomlinson, Hugh // MEED: Middle East Economic Digest;7/11/2008, Vol. 52 Issue 28, p24 

    The article elaborates on the status of technical services contracts (TSC) aimed in unlocking oil in Baghdad, Iraq. The city's plan to sign a series of short-term TSC with foreign oil companies exposes the government's continuing failure to resolve the deep divisions as to who controls the...

  • Tripoli draws up grand strategy. Ford, Neil // African Business;Dec2005, Issue 315, p22 

    The article focuses on the efforts of the Libyan government to develop crude reserves and oil exploration in the country. National Oil Corp. has expectations that it would attract funding for oil exploration over the next 10 years. In January 2005 licensing round involving Libyan oil reserves,...

  • Recession will stall oil plans.  // MEED: Middle East Economic Digest;7/3/2009, Vol. 53 Issue 27, p6 

    The article comments on the declining oil fields in Libya and how the recession has affected the oil industry. It is stated that the country has continued to attract international oil companies despite the tough laws in the energy business. In the present condition it is observed that new...

  • Fill Up with Commilube.  // Time;3/17/1961, Vol. 77 Issue 12, p31 

    The article discusses the Soviet Union's growing petroleum and gas industry and its ventures abroad. It cites that with expansion of the old Baku fields and opening of the vast new deposits east of the Volga River, Soviet petroleum output has increased to an annual 148 million tons next to the...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics