EDICT OF THE PRESIDENT OF THE REPUBLIC OF KAZAKHSTAN WHICH HAS THE FORCE OF LAW. CONCERNING PETROLEUM (PETROLEUM LAW) № 2350 (does not act)

EDICT OF THE PRESIDENT OF THE REPUBLIC OF KAZAKHSTAN WHICH HAS THE
FORCE OF LAW
CONCERNING PETROLEUM
(PETROLEUM LAW)

See: Initial editing

as amended by:

- the Law of the Republic of Kazakhstan dated 11 August 1999, No. 467-1 "Concerning the Introduction of Amendments and Additions to Several Legislative Acts on the Subsurface and Petroleum Operations in the Republic of Kazakhstan".

formerly amended by:

- the Law of the Republic of Kazakhstan dated 13 June 1997, No. 122-1, "Concerning the Introduction of Amendments to the Edict of the President of the Republic of Kazakhstan, which has the Force of Law, "Concerning Petroleum" dated 28 June 1995, No. 2350").

In accordance with Article 1 of the Law of the Republic of Kazakhstan dated 10 December 1993, "Concerning the Temporary Delegation of Additional Authority to the Republic of Kazakhstan and the Heads of Local Administrations", in order to ensure the protection of the interests of the Republic of Kazakhstan and its natural resources when carrying out Petroleum Operations, I issue this Edict.

Chapter 1. General Provisions

Article 1. Terms and Definitions

The following terms shall be used in this Edict:

"Block" means any territory on dry land and in water, which is located fully or partially in the Republic of Kazakhstan and shown as a block on a specially prepared chart of blocks.

"Internal Water Bodies" means lakes, artificial reservoirs and other surface level water resources.

"Production" means any operations which are related to the recovery of oil to the surfacea and shall include:

- the construction and operation of subsurface and surface industrial equipment and facilities;

- the recovery of oil to the subsurface, organization and support of the working process in operational wells;

- the treatment and processing and of oil;

- the extraction of oil by-products, and

- petroleum and natural gas utilization and liquefaction.

"Competent Body" means the State Body to which the Government of the Republic of Kazakhstan has delegated rights directly related to the conclusion of Contracts.

"Contract" means an agreement between a Contractor and a Competent Body to carry out Petroleum Operations.

"Contract Territory" means a territory, determined by the geological and/or mining lease, on which Contractor is authorized to carry out Petroleum Operations in compliance with the Contract.

"Commercial Discovery" means the discovery in a Contract Territory of one or several fields, which are deemed profitable for development purposes.

"Sea" means the surface and depth of water, the bed of the Caspian and Aral seas, within the Kazakhstan territory of the Caspian and the Aral seas.

"Offshore Scientific Investigations" means scientific and research work related to conduct offshore Petroleum Operations.