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of September 13, 1992 No. 200

About creation of the State Oil Company of Azerbaijan Republic

For the purpose of use of oil resources of the republic on the basis of single state policy, enhancement of management structure the oil industry, ensuring development of fuel and energy complex due to increase in efficiency of use of production capacities of the oil-producing and oil processing enterprises and according to the Law of the Azerbaijan Republic "About additional measures for stabilization of economic and social and political life in the republic", I decide:

1. Create the State Oil Company of Azerbaijan Republic based on Azerineft State concern and Azneftekhimiya production association.

2. Appoint Bagirov Sabita Aydyn Oglou the president of the State Oil Company of Azerbaijan Republic.

3. Charge to Bagirovu S.A. to prepare and submit in a month for approval of the President of the Azerbaijan Republic the Charter and structure of State oil company.

4. Charge to the Cabinet of Ministers of the Azerbaijan Republic to resolve the issues following from this Decree.

5. This Decree becomes effective from the moment of signing.



Azerbaijan Republic Abulfaz ELCHIBEY


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