Turkmenistan plans to intensify the attraction of foreign capital into the country's oil and gas sector. This was stated by the President of Turkmenistan Serdar Berdimuhamedov in an address to the participants of the international forum on attracting investments in the country's oil and gas industry, which opened in Paris.
“Today, we and foreign companies continue to develop oil and gas fields in the Turkmen section of the Caspian Sea and on land in order to increase their production volumes. This partnership, which attracts foreign capital, is mutually beneficial, as it is carried out on the basis of production sharing agreements. In the future, we intend to scale up and intensify the dynamics of such cooperation; this is a key goal,” the official newspaper “Neutral Turkmenistan” quotes Berdimuhamedov as saying.
Among the priority tasks for the development of the oil and gas sector are the development of the largest gas field "Galkynysh" and the construction of the Turkmenistan - Afghanistan - Pakistan - India (TAPI) gas pipeline, the President of Turkmenistan believes. Their successful solution “will make it possible to significantly diversify the fuel and energy complex and support regional energy security.”
“We are consistently and systematically increasing the potential of the fuel and energy sector, investing significant funds in this area in accordance with the goals of the state’s energy strategy, which allows us to significantly increase the impact of geological exploration and increase the volume of oil and gas production and processing.
To achieve these goals, we intend to further increase the competitiveness of the complex’s products and achieve their compliance with international standards by improving quality, introduce the best scientific developments and advanced technologies into production, and follow environmental safety requirements when developing hydrocarbon resources,” the president concluded.
The international forum to attract foreign investment in the energy sector of Turkmenistan is taking place on April 24-25, 2024 in Paris.
The event is organized by the state concerns "Turkmengas" and "Turkmenneft", in partnership with the British GaffneyCline. During the event, prospects for cooperation related to the production, transportation and processing of oil and gas will be discussed.
Leading national and international energy companies, as well as experts, take part in the forum.
CentralAsianLIGHT.org
April 25, 2024