In order to successfully fulfil the objectives set for the oil and gas industry, as well as the effective development of license blocks located in the Turkmen sector of the Caspian sea, based on the Law of Turkmenistan On hydrocarbon resources, the President of Turkmenistan signed a Resolution according to which the State concern Türkmennebit is allowed to conclude an agreement on the development of license blocks in the Turkmen sector of the Caspian sea between the State concern Türkmennebit, the Malaysian company Petronas Çarigali (Türkmenistan) Sdn.
Bhd and the state enterprise Hazarnebit of the Concern.