TITLE

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

AUTHOR(S)
Hines, Jonathan H.; Marchenko, Alexander V.
PUB. DATE
November 2006
SOURCE
Journal of Energy & Natural Resources Law;Nov2006, Vol. 24 Issue 4, p495
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
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).
ACCESSION #
24104161

 

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