Turkmenistan abolishes licensing agency | Oil & Gas Journal

Turkmenistan has suspended the work of its oil and gas licensing agency and divided the functions between the national oil and gas companies.

President Gurbanguly Berdimuhamedov issued a decree abolishing the State Agency on Management and Use of Hydrocarbon Resources.

The state companies Turkmengas and Turkmennebit will succeed the former agency in existing production sharing agreements with non-Turkmen companies.

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