Saeed Mohammed Al Tayer, Chairman of the Board of Directors of Dragon Oil, a company fully owned by the Government of Dubai, inaugurated the company's largest regional office outside the United Arab Emirates in Ashgabat, Turkmenistan, the turkmen agency TDH reports.
The opening ceremony was attended by CEO Ali Rashid Al-Jarwan and a high-level official delegation of Dragon Oil board members, confirming the company’s expanding investment in Turkmenistan's promising oil and gas sector.
“The opening of the company's regional office in Turkmenistan is the culmination of more than 25 years of presence here. With this, we are opening a new chapter of serious and productive cooperation with Turkmenistan,” said Al Tayer. “It is also a testament to the strategic partnership that unites us with the Turkmen government, as Turkmenistan is one of the key countries with vast oil and gas reserves.”
“Dragon Oil aims to increase total production in the countries where it operates from the current level of 180,000 barrels to 250,000 barrels per day, which will be a natural growth in production at our various facilities by the end of 2025, with significant attention being given to Turkmenistan in this expected increase,” Al Tayer was quoted as saying by the Emirates agency WAM.
The opening of the new regional office in Turkmenistan will be an important step for the company in achieving its strategic goals, such as entering the blue hydrogen market by 2029 and increasing investments by expanding oil production capacities in the Turkmen market, which currently stand at around 60,000 barrels, as well as through investment projects in renewable energy.
The new office is located in the center of the Turkmen capital, occupying an area of 1,600 square meters, making it Dragon Oil’s largest office in Turkmenistan. It employs over 60 staff members across 15 departments.
CentralasianLIGHT.org
August 30, 2024