Lukoil intends to participate in the development of the Turkmen-Azerbaijani «Dostluk» field in the Caspian Sea

11:21 19.02.2021 939

The Russian oil company Lukoil intends to take part in the development of the Turkmen-Azerbaijani «Dostluk» field in the Caspian Sea.  This opportunity was discussed at the meeting of President of Turkmenistan Gurbanguly Berdimuhamedov with the head of PJSC Lukoil Vagit Alekperov, held last Thursday.

 Having noted that the Turkmen side welcomed Lukoil's intentions to take part in the development of the «Dostluk» field, the Turkmen leader announced his readiness to consider specific investment proposals for the implementation of this project.

 In turn, the Russian businessman assured that Lukoil would make every effort to successfully solve the problems associated with the implementation of such a significant project as «Dostluk».

 “Today we are making every effort to mobilize the best personnel from all our projects in order to be ready for the implementation of such a unique project as Dostluk.  I am sure that we will meet your expectations”, - Alekperov said on the air of the Vatan news program.

 “I want to assure that our company will make every effort to timely and cost-effectively and environmentally safe implement the project aimed at increasing the economic potential of Turkmenistan”, - the head of Lukoil continued.

The Foreign Ministers of Turkmenistan and Azerbaijan signed a Memorandum of Understanding on joint exploration, development and development of the «Dostluk» field in the Caspian Sea in Ashgabat on January 21, 2021.

 At the same time, President Gurbanguly Berdimuhamedov called the general decision to name this field «Dostluk» deeply symbolic, which means «Friendship» in both Turkmen and Azerbaijani languages.

 At present, according to the Azerbaijani media, an intergovernmental agreement is being prepared between Azerbaijan and Turkmenistan, according to which the hydrocarbon resources of the «Dostluk» field will be distributed between the parties in a ratio of 30% (Azerbaijan) and 70% (Turkmenistan).

Other articles
The results of the development of the fuel and energy complex for January-July of this year were discussed at a government meeting

Last Friday, President Gurbanguly Berdimuhamedov held a meeting of the Cabinet of Ministers via digital video communication, at which the results of the development for seven months of the year of all sectors of the national economy, including the fuel and energy complex of Turkmenistan, were discussed.

The head of Turkmenistan stated priorities of cooperation within the CIS

Changing world realities demand from the CIS a timely and adequate response, embedding in new coordinates of interaction. It was stated by the President Gurbanguly Berdimuhamedov in an interview to the International Television and Radio Company «Mir», answering a question about the prospects for Turkmenistan's cooperation within the Commonwealth.

The industry meeting discussed the results of the fuel and energy complex for 7 months of 2020

Today, on August 17, in the Central building of the oil and gas complex of Turkmenistan, a reporting meeting was held under the chairmanship of Vice-Chairman of the Cabinet of Ministers Myratgeldi Meredov, at which the results of the work of industry enterprises for seven months of 2020, held under the motto "Turkmenistan - Homeland of Neutrality" were discussed.


The oil and gas industry is the leading sector of the national economy, that plays a significant role in the programs of the country's socio-economic development on an innovative basis, approved by President Gurbanguly Berdimuhamedov, and expanding its export opportunities.

Gurbanguly Berdimuhamedov: over the years of independence, the volume of GDP of Turkmenistan increased by 8.4 times

Over the years of independence of Turkmenistan, the volume of GDP has grown by 8.4 times, about 209 billion US dollars have been invested in the country's economy. This was stated by President Gurbanguly Berdimuhamedov in an interview to the ITRC “Mir”, which the head of state gave on the occasion of the 30th anniversary of independence of neutral Turkmenistan celebrated this year.