Turkish Petroleum Law Implementation Regulation Has Been Changed

Turkish Petroleum Law Implementation Regulation Has Been Changed Turkish Petroleum Law Implementation Regulation has been changed. The decision was published in the Official Gazette today. In accordance with the Turkish Petroleum Law Implementation Regulation, the decisions regarding national security and national interests will be notified to the rightful company and the decisions regarding the petroleum right of this nature will be published in the Official Gazette before starting the activity in the allocated area. The amendment decided by the Ministry of Energy and Natural Resources was published in the Official Gazette today. According to the amendment , the decisions regarding national security and national interests will be notified to the rightful company by the officer. The effective date of the decisions notified in this way will be the date of notification, unless there is a contrary provision in the decision. Decisions regarding the petroleum right of this nature will be published in the Official Gazette before starting activities in the area allocated to the right holder. In the licenses jointly owned by petroleum right holder companies, state shares can be declared by one of the partners, depending on the agreement between the right holders. With the amendment, the import, export and transfer permits issued by the General Directorate of Mining Petroleum Affairs (MAPEG), which were valid for sixty days from the date of issue, will be valid until the end of the year. In addition, the obligation of the owner of the petroleum rights, especially the drilling rig and seismic crew and materials, to regularly report where and for what purpose they are being used to MAPEG until the fifteenth of each month has been lifted. With the amendment, the petroleum right holder will notify the said materials, where and for what purpose they are used within fifteen days upon request of MAPEG.