REGULATIONS

Banner

Decree of the President of the Republic of Azerbaijan on amendments made to the Decree of the President of the Republic of Azerbaijan number 844 dated January 24, 2003 on “improvement of the structure of the State Oil Company of the Azerbaijan Republic”

With the purpose of improvement the activities of the State Oil Company of the
Azerbaijan Republic I decide:

1. To make amendments in the following documents approved by the Decree of the President of the Republic of Azerbaijan number 844 dated January 24,2003 on “improvement of the structure of the State Oil Company of the Azerbaijan Republic (Collection of Legislation of the Republic of Azerbaijan, 2003, No.1, item 36; 2004, No.9, item 681; 2005, No.2, item 73):
1.1. To make the following amendments in the Charter of the State Oil Company of the Azerbaijan Republic (Attachment I):
1.1.1. To add in item 4.9 of the Charter after the word “enterprises” the words “legal entities and organizations not having the status of legal entities” and after the words “their deputies” the words “ including chief accountants”;
1.1.2. To add after the words “vice-president for economic issues” in item 5.1 of the Charter the words “vice-president for refining, vice-president for investments and marketing”;
1.1.3. To add after the words “vice president for economic issues” in item 5.3 of the Charter the words “vice-president for refining, vice-president for investments and marketing”;
1.1.4. To edit paragraph five of item 5.4 of the Charter as follows:
“Appoints the heads of the enterprises, legal entities and organizations not having the status of legal entities, their deputies and chief accountants and dismisses them, correspondingly approves the Charters and Regulations of the stated organizations.”,
1.1.5. To add the words “vice president for refining, vice president for investments and marketing” in item 5.6 after the words “vice-president for economic issues”;
1.2. In division “I. Management Structure of the State Oil Company of the Azerbaijan Republic” of “Structure of the State Oil Company of the Azerbaijan Republic” (Attachment II):
1.2.1. To edit subdivision “I. Management ” as follows:
“I. Management : 1.1. President 1.2. First vice-president 1.3. First vice-president for geology, geophysics and field development 1.4. Vice-president for economic issues 1.5. Vice-president for refining 1.6. Vice-president for investments and marketing 1.7. Vice-president”
1.2.2. In division “Enterprises belonging to the State Oil Company of the Azerbaijan Republic”:
1.2.2.1. To replace “2. Geophysical and Geological Engineering Production Association” with “2. Geophysics and Geology Department”;
1.2.2.2. To add points 9 and 10 in the following edition:
“9. Social Development Department;
10. Security Department”.
2. The decree comes into effect on the day of signing.

Ilham ALIYEV
President of the Republic of Azerbaijan
Baku city, December 22, 2005
No.340