Turkmenistan, Ashgabat, Aug.15 / Trend H.Hasanov /
Turkmen President Gurbangulu Berdimuhammedov signed a decree approving the regulations of licensing activities on sale of petroleum products and lubricants.
The paper was adopted in accordance with the Turkmen Law on licensing certain activities and to implement the presidential decree on organization of licensing in Turkmenistan dated Feb.27, 2009.
Turkmenistan is rich with hydrocarbon resources, especially with natural gas. The government pays much attention to the development of processing industries. The country produces about 10 million tons of oil per year and most of the raw material is processed domestically. About 2 billion investments were invested by the foreigners in the reconstruction of refineries. The production of liquefied gas develops actively.
At the latest governmental meeting, Berdimuhamedov stressed the importance of modernizing the legal base as a key factor of a strategy implemented in the country and a reliable basis for further comprehensive development of Turkmenistan.
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