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RESOLUTION OF THE CABINET OF MINISTERS OF THE REPUBLIC OF UZBEKISTAN

of June 11, 2004 No. 276

About development of the fields of Kandymsky group, Hauzak, Shada and conducting exploration works in the Ustyurt region of the Republic of Uzbekistan on terms of agreement about the Section of products

For the purpose of increase in production and export of hydrocarbons by attraction of direct foreign investments and special advanced technologies on development of gas condensate fields of Kandymsky group, Hauzak and Shada decides the Cabinet of Ministers:

1. Take into consideration that:

the open joint stock company "The Lukoil oil company (Russia) and National holding company "Uzbekneftegaz" creates consortium of investors without formation of legal entity (daleeinvestor);

the feasibility statement on the project is developed, the draft agreement on the Section of products concerning the site of Kandymsky group of fields, sites Hauzak and Shada, and also the Kungradsky site (Production sharing agreement) is prepared and approved;

Special state commission on development of conditions of use of natural resources and consideration of draft agreements on the Section of products approves the key technical and economic parameters and the text of the Production sharing agreement.

2. Approve the Production sharing agreement between the Republic of Uzbekistan and the investor.

Authorize the Deputy prime minister of the Republic of Uzbekistan Sultanov U. T. sign the Agreement on behalf of the Republic of Uzbekistan and the chairman of NHK "Uzbekneftegaz" Azizov A. A. - on behalf of NHK "Uzbekneftegaz".

3. Determine the Ministry of Economics of the Republic of Uzbekistan authorized body of the Republic of Uzbekistan in case of implementation of the Production sharing agreement.

4. Determine that if after agreement signature about the Section of products between the Republic of Uzbekistan and the investor any changes or additions to the legislation of the Republic of Uzbekistan (except for changes in standards are made (regulations, rules) on safe operation, protection of subsoil, the environment and health of citizens) which worsen conditions of activities of the operator, then the legislation existing for signature date of the Agreement will fully extend to the operator.

5. Special state commission on development of conditions of use of subsurface areas and consideration of draft agreements on the Section of products according to the Law of the Republic of Uzbekistan "About Production sharing agreements" to grant in accordance with the established procedure to the investor the license for right to use by subsurface areas in form according to the appendix N1.

6-8. Confidentially.

9. NHK "Uzbekneftegaz", to the Ministry of Economics of the Republic of Uzbekistan together with the Ministry of Finance, the Ministry of Justice and other interested ministries and departments to introduce the draft of the resolution of the Cabinet of Ministers on procedure and the mechanism of implementation of works under the specified Production sharing agreement in a month.

10. To impose control over the implementation of this resolution on the Deputy prime minister of the Republic of Uzbekistan Sultanov U. T.

 

Chairman

Cabinet of Ministers I. Karimov

Appendix №1

to the resolution of the Cabinet of Ministers of the Republic of Uzbekistan of June 11, 2004 No. 276

License for right to use by subsurface areas

Выдана в соответствии с Соглашением о разделе продукции ______________
______________________________________________________________________
(наименование Соглашения о разделе продукции)
_____________________________________________________________________,
(получатель лицензии)
выступающей от имени консорциума инвесторов в составе: _______________
_____________________________________________________________________,
(участники консорциума инвесторов)
с целевым назначением по ___________________________________________на
(разведке или добыче полезных ископаемых)
______________________________________________________________________
(участок недр)
Участок недр расположен в ____________________________________________
(территориальная расположенность)
(Описание границ участка недр, координаты угловых точек приводятся в
постановлении Кабинета Министров Республики Узбекистан от "__"
_________ 200__г. N____)
Участок недр имеет статус горного (геологического) отвода.
Дата выдачи лицензии: "____" _________ 200_ г.
Срок действия лицензии ______________________
Порядковый номер по реестру _________________
Уполномоченное лицо _________________________      _______________
(Ф.И.О.) (подпись)
М.П.

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