National oil and gas company Napeco received a 5% stake in the PSA from Dragon Oil PSA
17:21 03.11.2022 10596
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.
Neon industry can bring large incomes to Turkmenistan, - expert
The well-known Turkmen scientist, expert and doctor of technical sciences Allaberdy Ilyasov considers the possibility of producing the chemical substance of neon in Turkmenistan very promising. This is reported by CentralAsia.news.
Turkmenistan will come up with initiatives in the field of energy at the UN General Assembly
At the 77th session of the United Nations General Assembly, which starts in New York in a few weeks, Turkmenistan will propose a number of initiatives, including in the energy sector. This is reported by the Ministry of Foreign Affairs of Turkmenistan.
Various types of fuel and polyethylene sold at exchange auctions
Last week, 36 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan.
SC «Turkmennebit»: results of successful work for January-July
For seven months of 2022, the State Concern «Turkmennebit» produced about 2 million 123 thousand tons of «black gold» and 2 billion 613 cubic meters of «blue fuel» from industrially developed wells. At the same time, the planned production plan for this period was fulfilled by 101.1% and 115.3%, respectively.
The President of Turkmenistan discussed the development of bilateral and regional partnership with the heads of the Foreign Ministries of Uzbekistan and Tajikistan
On March 27, the President of Turkmenistan Serdar Berdimuhamedov held meetings with the Minister of Foreign Affairs of Uzbekistan Bakhtiyor Saidov and the head of the Foreign Ministry of Tajikistan Sirojiddin Mukhriddin, who arrived in our country to participate in the 20th meeting of the heads of the foreign ministries of Central Asia and the European Union, TDH reports.