Actual directions of interstate cooperation were discussed at the meeting of the President of Turkmenistan Gurbanguly Berdimuhamedov with the Minister of Foreign Affairs of Malaysia Dato Sri Anifakh Aman.
As the diplomat said, Malaysia paid great attention to development of cooperation with Turkmenistan, which was perceived as an important and promising partner.
The Turkmen leader, in turn, emphasized that the strengthening of fruitful ties with countries in the Asia-Pacific region, including Malaysia, was one of the priorities of Turkmenistan's foreign policy.
Noting that there were opportunities to intensify partnership in various fields, the President and his guest also focused on the issues of cooperation in the oil and gas sector strategic for both economies.
The President of Turkmenistan and the foreign Minister of Malaysia supported further strengthening of constructive political dialogue and strengthening trade and economic ties.
The parties also noted the constructive nature of the Turkmen-Malaysian cooperation within the framework of regional and international organizations. In this area the two countries demonstrated a commonality of views and approaches on key issues on the global agenda, primarily for the consolidation of universal peace and security, promoting sustainable development.
One of the major projects of the Turkmen-Malaysian cooperation is the agreement on production sharing signed between the government of Turkmenistan with "Petronas Charigali (Turkmenistan) Sdn Bhd" in 1996 on exploration and production of hydrocarbons in "Block 1" in the Turkmen part of the Caspian sea. In early 2016 the company reported that total investment in the project amounted to more than $5 billion.