Dragon Oil: 25 years of successful work in Turkmenistan
09:32 21.02.2025 10278
Over the 25-year period of cooperation, Dragon Oil (UAE) has invested about 10 billion US dollars in the development of oil and gas fields in Turkmenistan and produced 447 million barrels of hydrocarbons. This was reported in an interview with the Neutral Turkmenistan newspaper by the company's CEO Ali Al Jarwan.
This company has been operating in Turkmenistan since 2000 on the basis of a Production Sharing Agreement concluded with the government of our country. The company develops and produces oil and gas in the Cheleken contract area, which includes two offshore fields - Jeitun and Jigalybeg.
According to Al Jarwan, the company's entry into the Turkmen oil and gas sector contributed to a significant influx of investment and the introduction of modern technologies. The executive director expressed gratitude to President Serdar Berdimuhamedov and Chairman of the Halk Maslakhaty of Turkmenistan Gurbanguly Berdimuhamedov for creating favorable conditions for long-term cooperation. The head of Dragon Oil noted that Turkmenistan, which has huge reserves of hydrocarbon resources, has significant potential for expanding mutually beneficial cooperation in the oil and gas sector on a long-term basis.
Currently, Dragon Oil is starting to apply artificial intelligence technologies for geological exploration, data interpretation and assessment of reservoir properties at the fields of Turkmenistan.
According to Ali Al Jarwan, the company has already implemented a 3D seismic project at the Cheleken block and the neighboring block 19 in cooperation with the State Concern “Turkmennebit”. Currently, Dragon Oil is moving from 3D seismic exploration to geological exploration, the results of which will form the basis for a production diversification program.
Among the key areas of further cooperation between the company and the Turkmen side are an increase in the volume of hydrocarbon production and processing, as well as an expansion of the export of Turkmen oil, gas and gas chemical products.
Serdar Berdimuhamedov approved the draft of the “Program for the socio-economic development of Turkmenistan and investments in 2025”
President Serdar Berdimuhamedov approved the draft of the "Program for the socio-economic development of Turkmenistan and investments in 2025". Vice-Chairman of the Cabinet of Ministers Hojamyrat Geldimyradov reported on the preparation of the draft of this Program at a government meeting on January 24, TDH reports .
International transport conference in Ashgabat will bring together representatives of more than 170 foreign companies
Next Monday, Ashgabat will host an international conference dedicated to the restoration of transport and transit corridors to strengthen regional and interregional interconnections and development. More than 400 delegates have registered to participate in the conference, according to a press release from Turkmen Forum, which is the co-organizer of the forum.
Uzbekistan is interested in the supply of electricity, gas and oil products from Turkmenistan
President of Turkmenistan Serdar Berdimuhamedov is on a two-day state visit to Uzbekistan on July 14-15 at the invitation of President Shavkat Mirziyoyev, the State News Agency of Turkmenistan reports. On Thursday, top-level talks were held in narrow and expanded formats with the participation of government delegations of the two countries.
Trade turnover between Turkmenistan and Uzbekistan in 2021 reached 902 million US dollars, - Shavkat Mirziyoyev
In recent years, the trade turnover between Uzbekistan and Turkmenistan has grown 5 times, reaching $902 million last year. This was stated by the President of Uzbekistan Shavkat Mirziyoyev following a meeting with his Turkmen counterpart Serdar Berdimuhamedov in Tashkent, according to the video of the information program "Watan" of the Turkmen television.
SC “Turkmengas” and BOTAŞ discussed prospects for cooperation in the gas sector
Last week, the management of the State Concern “Turkmengas” held a meeting with a delegation of the Turkish company BOTAŞ, headed by General Director Abdulvahit Fidan. During the meeting, the current bilateral relations and prospects for their further development were discussed.