It is planned to increase oil production in the Cheleken contract area
16:16 03.10.2022 11950
At present, the State Concern «Turkmennebit» is working on the development of fields that are part of the Cheleken contract area, as well as increasing the volume of oil produced by drilling new oil wells.
Vice-Chairman of the Cabinet of Ministers Shakhym Abdrakhmanov reported on the ongoing work in this direction during a government meeting last Friday.
After listening to the report, the President of Turkmenistan noted that with the accelerated development of oil and gas fields in the country, the drilling of new wells, the involvement of large profile companies interested in participating in ongoing industry projects, the development of the domestic fuel and energy complex is being carried out, and addressed the Vice-premier with specific instructions in this regard.
It should be noted that in the contract area «Cheleken» in the Turkmen shelf of the Caspian Sea, the development of deposits is carried out by the company «Dragon Oil», which operates in Turkmenistan on the basis of a Production Sharing Agreement (PSA). The main activity of the company is focused on the development of oil fields Jeytun and Jigalybeg, where the operator has been successfully operating since May 2000. During this period, more than 8 billion US dollars were invested in the project.
At the end of September, the meeting of the President of Turkmenistan Serdar Berdimuhamedov with the executive director of Dragon Oil Ali Rashid Al-Jarvan took place. During the conversation, it was noted that among the priorities of further cooperation is an increase in the volume of production and processing of oil and gas, as well as the export of Turkmen energy resources.
At the auction, products of the State Corporation “Turkmennebit” and “Turkmenchemistry” were sold for foreign currency
14 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.
Turkmenistan and Russia are not competitors in the field of gas supplies to China, - Russian Ambassador
Russia and Turkmenistan are not competitors in the field of gas supplies to China. This was stated by Russian Ambassador to Ashgabat Ivan Volynkin in an interview with TASS.
Trade turnover between Turkmenistan and China in the first half of the year increased by 12.3%
In the first six months of 2023, the trade turnover between Turkmenistan and China increased by 12.3% compared to the same period last year, amounting to about $5.55 billion, according to the General Administration of Customs of China.
The Presidents of Turkmenistan, Tajikistan and Uzbekistan will discuss the prospects for cooperation at the summit in Ashgabat
Today, August 4, a summit of the heads of state of Turkmenistan, Tajikistan and Uzbekistan will be held in Ashgabat. In the morning, President of Uzbekistan Shavkat Mirziyoyev and President of Tajikistan Emomali Rahmon arrived in the Turkmen capital, according to TDH.
The Ambassador of Turkmenistan to Belgium confirmed Ashgabat’s readiness to strengthen partnership with the EU in the field of energy
Ashgabat’s readiness to strengthen cooperation with the European Commission in the energy sector was announced by Ambassador Extraordinary and Plenipotentiary of Turkmenistan to Belgium Sapar Palvanov at a meeting with President of the European Commission Ursula von der Leyen. This is reported by the website of the Foreign Ministry of Turkmenistan.