National oil and gas company Napeco received a 5% stake in the PSA from Dragon Oil PSA
22:21 03.11.2022 4542
Turkmen national oil and gas company Napeco has received a 5% stake in a production sharing agreement (PSA) with Dubai-based Dragon Oil, which operates at the Cheleken field in the Turkmen sector of the Caspian Sea. This is reported by the independent price agency Argus.
According to Napeco CEO Maksat Pirliev, this deal was concluded on the sidelines of the International Conference "Oil and Gas of Turkmenistan-2022", which was recently held in Ashgabat.
In addition to the agreement with Dragon Oil, Napeco is involved in two other Turkmen projects. The company has a PSA with Mitro International at the Vostochny Cheleken field for a period up to 2025. Napeco also has a 10% stake in the project with the Italian company Eni at the East Cheleken field as a contractor.
Napeco also has a UAE-registered joint venture with Vitol that trades in crude oil, gasoline, gas condensate and other petroleum products. Napeco does not export the crude oil it produces or receives under the PSA. The company refines its share of Turkmen oil at the Turkmenbashi refinery, and then sells the finished product either through a joint venture with Vitol or through a deal on the state commodity exchange of Turkmenistan.
Xi Jinping and Serdar Berdimuhamedov agreed to scale up partnership in the fuel and energy complex and non-primary sectors
Prospects for the development of Turkmen-Chinese cooperation in the gas industry, transport and other areas were discussed by President of Turkmenistan Serdar Berdimuhamedov and President of the People's Republic of China Xi Jinping. The meeting took place on Thursday in Samarkand, where the leaders of friendly states arrived to participate in the SCO Summit, the State News Agency of Turkmenistan reports.
President Serdar Berdimuhamedov visited Uzbekistan to participate in the SCO summit
On the morning of September 15, the President of Turkmenistan arrived in Uzbekistan to attend the regular meeting of the Shanghai Cooperation Organization (SCO), which will be held on September 15-16 in Samarkand.
PETRONAS Carigali (Turkmenistan) Sdn Bhd Vendor Open Day #2, 2022
You are invited to attend the vendor open day; we have exciting exhibitions and sharing sessions by PC(T)SB on the following topics.
The Presidents of Turkmenistan and Russia discussed issues of expanding interstate partnership on the sidelines of the SCO Summit
President of Turkmenistan Serdar Berdimuhamedov, who arrived in Samarkand the day before to participate as an honored guest at the Summit of the Shanghai Cooperation Organization, met with President of the Russian Federation Vladimir Putin, the State News Agency of Turkmenistan reports.
Turkmenistan is open for serious expansion of trade and economic partnership with the SCO, - President
Turkmenistan is open for serious expansion and deepening of trade and economic partnership with the SCO. This was stated by President Serdar Berdimuhamedov, speaking on Friday at the SCO summit in Samarkand.