CNPC will act as a platinum partner of the International Forum of Turkmenistan in Dubai
18:42 13.04.2023 4547
The Chinese National Petroleum Corporation – CNPC will act as a platinum partner of the International Forum on Attracting Foreign Investments in the Energy Sector of Turkmenistan, which will be held on April 26-27 in Dubai (UAE).
CNPC carries out its activities related to investment in the oil industry in 38 countries around the world. The participation of the company in the forum is an important event, as it is one of the largest investors in the oil and gas projects of Turkmenistan.
China has a strategic interest in the development of the oil and gas industry of Turkmenistan, since the country is one of the largest exporters of natural gas in the world. China, in turn, is one of the largest buyers of gas from Turkmenistan.
In general, the participation of CNPC in the forum underlines the important role of Turkmenistan as a potential supplier of energy resources in the international market, and also shows the interest shown by China in continuing cooperation with Ashgabat.
CNPC’s activities are focused on exploration and development of oil and gas fields, oil refining and chemical industry, sale of petroleum products, storage and transportation of oil and gas.
On July 17, 2007, the State Concern “Turkmengas” and CNPC signed a Production Sharing Agreement for the contractual territory “Bagtyyarlyk” and a Contract for the purchase and sale of natural gas. According to these documents, within 35 years, the Chinese corporation will carry out full-scale work on the exploration, development and production of natural gas in the Bagtyyarlyk contract area.
For 13 years, CNPC has invested more than 8 billion US dollars in the development of fields in this contract area.
At the moment, there are three branches of the Turkmenistan-China pipeline – lines A, B and C. In the future, the laying of line D is planned. Since the launch of the gas pipeline, the total growing volume of natural gas exports has amounted to about 330 billion cubic meters.
CNPC pays great attention to the social component, in particular, acting as a sponsor in large-scale sports projects in Turkmenistan, including the World and Asian Championships. The Chinese corporation also contributes to the provision of vocational education for Turkmen youth in the universities of China.
Turkmenistan exported natural gas worth $ 6.1 billion to China in January-November
Turkmenistan continues to hold a leading position in pipeline export of «blue» fuel to China. According to the General Customs Administration of the PRC, during January-November 2021, the Celestial Empire received 21.91 million tons of Turkmen natural gas through the Turkmenistan-China pipeline, which is $ 6.1 billion in monetary terms.
In Ankara, at the meeting of the Intergovernmental Commission, cooperation between Turkmenistan and Turkey in the oil and gas sector was emphasized
As part of the working visit of the delegation of Turkmenistan to Turkey, the eighth meeting of the Intergovernmental Turkmen-Turkish Commission on Economic Cooperation was held in Ankara on February 24-25, the Ministry of Foreign Affairs of Turkmenistan reported today.
Veterans of the Great Patriotic War were presented with gifts on behalf of the President of Turkmenistan
In Turkmenistan, in honor of the 79th anniversary of Victory in the Great Patriotic War of 1941–1945, veterans in all velayats of the country and the city of Ashgabat were solemnly presented with monetary and valuable gifts with wishes of good health and good spirits.
The President of Turkmenistan congratulated his compatriots on Victory Day in the Great Patriotic War
The President of Turkmenistan, Serdar Berdimuhamedov, congratulated his compatriots on Victory Day in the Great Patriotic War of 1941–1945.
The volume of purchases of Turkmen gas by Gazprom will double in 2021, - Russian Ambassador to Turkmenistan
In 2021, the volume of gas purchased by Gazprom from Turkmenistan is likely to double and amount to about 10 billion cubic meters. This was stated on Friday by the Russian Ambassador to Turkmenistan Alexander Blokhin at a press conference at the embassy dedicated to the annual results of the Turkmen-Russian cooperation.