of July 25, 2002 No. 118-FZ
About subsoil plots, right to use by which it can be granted on the terms of the Section of products (Yalamo-Samursky and Central perspective sites)
Accepted by the State Duma on June 27, 2002
Approved by the Federation Council on July 10, 2002
Article 1. Carry Yalamo-Samursky and Central perspective subsoil plots of bottom of the Caspian Sea to objects, right to use by which it can be granted on the terms of the Section of products.
Article 2. The objects specified in article 1 of this Federal Law belong to the list of subsoil plots, including mineral deposits concerning which since day of entry into force of this Federal Law negotiations can be held and be signed agreements on searches, exploration and production of mineral raw materials on the terms of the Section of products.
Article 3. For the purpose of ensuring interests of the Russian Federation in case of development of subsoil plots of bottom of the Caspian Sea to permit to sign according to the procedure of exception agreements on searches, exploration and production of mineral raw materials on the terms of the Section of products with the subsoil user having on the date of entry into force of this Federal Law of the license for geological studying of the subsoil plots specified in article 1 of this Federal Law on condition of accomplishment by the subsoil user till January 1, 2006 of exploration works according to requirements of the specified licenses.
Article 4. This Federal Law becomes effective from the date of its official publication.
Russian Federation V. Putin
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