Petroleum Law of Turkmenistan The Present Law is elaborated by the President of Turkmenistan Saparmurat Turkmenbashy on the basis of the Constitution of Turkmenistan, taking into consideration the national interests of Turkmenistan and its people, and is directed towards securing rational and effective exploitation of the Petroleum resources and the protection of the natural wealth of Turkmenistan for future generations. Chapter 1. General Provisions Article 1. Definitions In this Law the definitions listed hereunder shall have the following meanings: “Block” - areal section on land or on water which is partially or completely located in the territory under the jurisdiction of Turkmenistan and designated as such on a specially compiled map of Blocks. “Internal water basins” - lakes, artificial water reservoirs and other surface water circumvented by land under the jurisdiction of Turkmenistan. “Production Operations” - all types of operations for recovery of Petroleum, its saving, tre...