Daewoo E&C strengthens strategic ties with Turkmenistan
15:26 02.07.2025 2852
Daewoo E&C Chairman Jeong Won-ju visited Turkmenistan from June 26 to 30 to discuss new business opportunities and strengthen the company's presence in the Central Asian market, the company said in a statement on July 1.
During his visit, Jeong Won-ju met with Chairman of the Halk Maslahaty Gurbanguly Berdimuhamedov and President Serdar Berdimuhamedov in Ashgabat. He expressed appreciation for Daewoo E&C's participation in the Turkmenabat Fertilizer Plant project and reaffirmed the company's commitment to its successful completion.
Jeong Won-ju also discussed potential participation in upcoming gas field and petrochemical plant development projects, opportunities for cooperation in the railway sector, subway construction and high-rise buildings.
In addition, the Chairman of the Board of Daewoo E&C met with Vice-Chairman for Construction, Energy and Industry Baymyrat Annamammedov to express gratitude to Turkmenistan for Daewoo E&C's offer to participate in new petrochemical plant projects. He expressed the company's interest in assisting a number of infrastructure initiatives that support Turkmenistan's economic growth.
Next, Jeong Won-ju met with Vice-Chairman for Oil and Gas Issues Batyr Amanov and Chairman of the State Concern "Turkmengas" Maksat Babayev to discuss Daewoo E&C's participation in new projects in the oil and gas industry.
The visit's program also included meetings with Vice-Chairman for Finance and Economy Hojamurat Geldimyradov and South Korean Ambassador to Turkmenistan Ji Kyu Taek, which were dedicated to diversifying the entry of Korean businesses into the Turkmen market. A Daewoo E&C representative said that Turkmenistan is a strategic market for the company, which plans to expand its business portfolio and accelerate localization. Daewoo E&C aims to strengthen its position in the region through continuous interaction with management and network building, the company said.
SPIEF: Turkmenistan considers energy and transport among the key areas of integration within the CIS
Cooperation in the energy and transport sectors can become strategic areas of integration within the CIS. This was stated by the Minister of Finance and Economy of Turkmenistan Muhammetgeldi Serdarov, speaking on Thursday at the St. Petersburg International Economic Forum (SPIEF), the Turkmen news agency Orient reports.
The President of Turkmenistan took part in the opening of a new gas gathering station in Lebap region
As part of a festive trip last Saturday to the Lebap region, President of Turkmenistan Serdar Berdimuhamedov took part in the solemn ceremony of commissioning a new gas gathering station.
In the future, we will make every effort for long-term cooperation with Turkmenistan in the gas sector, - head of CNPC
The commissioning of a new facility in the Bagtyyarlyk contract area, the opening of which was attended by the President of Turkmenistan, is an unforgettable event for both Chinese and Turkmen specialists. This was stated by the President of the CNPC Board of Management Hou Qijun, speaking to the participants of the celebration on the occasion of the commissioning of a new gas gathering station in the Farap etrap of the Lebap velayat.
The President of Turkmenistan took part in the nationwide tree planting campaign
More than 539 thousand trees of various species were planted in Turkmenistan as part of the nationwide environmental campaign held on November 9. The event was attended by President Serdar Berdimuhamedov, as well as representatives of the government, military and law enforcement agencies, diplomatic missions and the public.
Wood Mackenzie: Brent oil price will roll back to $85-90 per barrel only by 2025
In the coming years, oil prices will remain at a high level due to the redistribution of supplies on world markets; even a possible decrease in demand will not affect its value. This forecast is given by Wood Mackenzie analysts, Interfax reports.