CNPC - Premier Partner of the OGT–2022 International Conference
16:03 18.10.2022 7876
CNPC is the Premier partner of the International Conference “Oil and Gas of Turkmenistan” (OGT 2022), which will be held on October 26-28 in Ashgabat.
The OGT 2022 will gather key representatives of the state and private organizations, including regulators, market players, investors, researchers, and experts. They will present unique ideas and analytical discussions on global trends in the development of the fuel and energy sector and geopolitics.
The Chinese National Petroleum Corporation (CNPC) is a comprehensive international energy company with a leading position in the world. The CNPC is active in oil and gas investment operations throughout 38 countries and provides engineering and technical services at oil and gas facilities in 82 countries and regions.
The CNPC started cooperation with Turkmenistan in 2007 and today operates on exploration and development of oil and gas fields, drilling and maintenance of wells, engineering construction, production of technical equipment, product sales, and financial services. The support of both countries’ governments and the joint works of the CNPC and the State Concern “Turkmengas” indicate the success of this cooperation.
In 2009, the Turkmenistan-China main gas pipeline was put into operation; and in 2021, the volume of supplies of Turkmen gas through this pipeline exceeded 300 billion cubic meters. Today, the company aims to enhance cooperation on innovative technologies in the oil and gas industry, modernization of industrial infrastructure, digitalization of deposits, development, and use of new energy sources, logistics development, etc.
The CNPC has accumulated extensive experience in training specialists for the oil and gas sector of Turkmenistan and intends to strengthen in this direction of its work. The company also actively participates in social projects at the local level, for instance, it was among the sponsors of the Asian Indoor Games, the World Weightlifting Championships, and Oil & Gas Forums and Conferences.
In light of global energy transformation and reduction of hydrocarbon emissions, natural gas as a low-carbon and environmentally friendly energy source is key to the transition to new energy sources. Therefore, natural gas is a strategic choice for China in the development of energy transformation for a long-term period and expects a continuous and steady growth of natural gas consumption in the Chinese market.
Currently, there are three lines of the Turkmenistan-China pipeline A, B, and C, and the laying of the D line is planned. The Chinese gas market has broad prospects. In this regard, both sides are making joint efforts to further expand the range and scale of cooperation for the benefit of the people of Turkmenistan and China.
The CNPC facilitates vocational education for Turkmen youth in higher educational institutions of the PRC.
Turkmenistan leads in the supply of pipeline gas to China
In April of this year, China imported 4,227 billion rubles. cubic meters of pipeline gas, which is 800 million cubic meters more than in April 2020. Of the total volume, more than 60% was accounted for by deliveries from Turkmenistan - 2.576 billion rubles. cubic meters of "blue fuel". This is reported by Interfax with reference to the data of the General Administration for Customs of the People's Republic of China.
The Presidents of Turkmenistan and Russia will hold a bilateral meeting on the sidelines of the SCO summit
Turkmen President Serdar Berdimuhamedov and Russian President Vladimir Putin will hold a bilateral meeting on the sidelines of the Shanghai Cooperation Organization (SCO) summit. This is reported by the leading news agencies of Russia with reference to Yuri Ushakov, Assistant to the President of the Russian Federation for International Affairs.
President of Turkmenistan: the Ashgabat-Turkmenabat highway will determine the success of the development of international transport corridors
The development of transport corridors of Turkmenistan in the East-West and North-South directions remains one of the priority goals, the success of which is largely determined by the Ashgabat-Turkmenabat expressway with a length of 600 kilometers, President Serdar Berdimuhamedov said at the opening ceremony of its second section - Tejen-Mary, which took place April 17.
At TCOR in January-May, kerosene production increased by 6 thousand tons
The Turkmenbashi complex of oil refineries is increasing the production of kerosene, which is in great demand both in the domestic and foreign markets. For five months of this year, the growth in the production of this type of fuel was 105%.
Uzbekistan turned from a seller into a buyer of Turkmen gas from "Gazprom"
Uzbekistan has turned from a seller into a buyer of Gazprom's gas, according to the reports and the memorandum of the new issue of Eurobonds of the Russian concern, the text of which was reviewed by Interfax.