SC «Turkmengas» will sign additional agreements with CNPC to finance projects to increase gas production and exports
14:22 01.02.2022 6202
The State concern «Turkmengas» will sign with the Chinese company «CNPC Chuanqing Drilling Engineering Company Limited» additional agreements on financing contracts aimed at increasing the production and export of Turkmen natural gas. The relevant resolution of the President of Turkmenistan, allowing the signing of additional agreements, was published in the media of the country.
The draft resolution was presented to the head of state at a government meeting last Friday by Vice-Chairman of the Cabinet of Ministers of Turkmenistan Shakhym Abdrakhmanov.
According to the document and the previously signed Decree of the President of Turkmenistan, as part of the ongoing work, it is planned to conclude additional agreements to change the terms of payment for contracts between Turkmengas and CNPC, including the supply of 16 wells of the Galkynysh gas field with chemical products and the preparation of drilling fluids , providing engineering services for their operation, equipping these wells with appropriate equipment. The amount of this contract is 372 million 273 thousand 969.95 Chinese yuan.
It is also planned to conclude additional agreements to contracts between the State Concern «Turkmengas» and «CNPC» regarding the installation of specialized equipment and the provision of related services at the fields «Galkynysh», «Garabil» and «Bagaja».
As a result, the total amount of these agreements will amount to 106 million 221 thousand 809.71 US dollars.
As the head of state emphasized, the investments of the Chinese company should be returned with raw materials received in the country.
Noting the constructive nature of interstate relations with China, President Gurbanguly Berdimuhamedov stressed that cooperation between the two countries has an impressive potential, the implementation of which meets not only mutual interests, but also the goals of the well-being of the entire region.
The Turkmen leader also noted the importance of the wide use of modern technologies in drilling new wells and developing existing fields, which play a significant role in increasing the volume of exports of Turkmen gas.
The head of state mentioned the need to further expand partnerships with large specialized companies that are interested in participating in sectoral projects being implemented in Turkmenistan.
Gurbanguly Berdimuhamedov discussed priority areas of cooperation with the Federal President of Germany
On April 30, Chairman of the Halk Maslahaty of Turkmenistan Gurbanguly Berdimuhamedov held a telephone conversation with the Federal President of Germany Frank-Walter Steinmeier, TDH reports.
A healthy lifestyle is the key to the health of every citizen
Last week, an explanatory meeting on issues of a healthy lifestyle, road safety and legal culture was held at the Natural Gas Research Institute of the State Concern "Turkmengas". The event was attended by representatives of the Nebit-gaz newspaper, the Natural Gas Research Institute, specialists from the Design Work Department, the Department of Food Supply for Workers and Services, the Department of State Analysis of Investment and Technological Projects of Industrial Facilities of the Oil and Gas Complex of the Turkmengaz State Concern.
A new gas flow was obtained at the Galkynysh field
The oil and gas industry, being one of the leading sectors of the national economy, plays an important role in strengthening the country's economic independence. The key aspect of the fundamental reforms in the fuel and energy complex implemented during the Renaissance of the new era of a powerful state is the effective use of the potential of the oil and gas industry, diversification of the sales market and radical modernization of infrastructure.
INTERNATIONAL FORUM TEIF 2025: HOW TURKMENISTAN OPENED NEW HORIZONS FOR GLOBAL INVESTMENTS
On April 23–24, 2025, the Turkmenistan International Investment Forum (TEIF 2025) was held in the heart of Kuala Lumpur, in the newest KLCC complex. More than 470 delegates from 42 countries gathered under one roof to witness a new stage in the investment policy of Turkmenistan – a state with a stable, prosperous and dynamic economy.
Leaders of Turkmenistan and China reaffirmed their commitment to the development of comprehensive cooperation
President Serdar Berdimuhamedov, who arrived on a working visit to the capital of Shanxi Province of the People’s Republic of China on May 18 to participate in the Central Asia-China Summit, held talks with Chinese President Xi Jinping in the afternoon, TDH reports.