Daewoo Engineering & Construction opened a branch in Ashgabat
11:28 06.11.2023 8857
The Korean company Daewoo Engineering & Construction, a long-time partner of Turkmenistan, opened a branch in Ashgabat, the capital of Turkmenistan, on October 31. It will become a forward base for expanding activities in Central Asia, the company's press service reports.
The event was attended by representatives of the Korean Ministry of Foreign Affairs, including Chairman of Daewoo Engineering & Construction Jong Won-Joo, Foreign Minister Park Jin, Ambassador to Turkmenistan Ji Gyu Taek and Director of European Affairs Choi Tae-ho. The Turkmen side was represented by Vice-Chairman for Energy, Industry and Construction Baymyrat Annamammedov.
At the opening ceremony of the branch, Chairman Jong Won-Joo said, “I would like to express my sincere gratitude to the governments of Turkmenistan and Korea, as well as officials, for their active support in establishing the Daewoo E&C branch as more than a private company. This is a bridge between Korea and Turkmenistan”.
The Korean company Daewoo E&C signed a Memorandum of Understanding with the State Concern “Turkmenchemistry” in November last year and joint projects are being implemented on the basis of this document. The first project is the construction of an ammonium-urea plant in the Balkan velayat. The second project is a phosphate fertilizer plant with a capacity of 300,000 tons per year. Projects are financed with funds raised from credit agencies in Korea and Europe.
According to the company, Daewoo E&C is also expected to participate in the second stage of the project to build the smart city Arkadag.
«Nebitgazchykarysh»: 503 wells repaired in 11 months
The repairmen of the «Nebitgazchykarysh» enterprise of the State Concern «Turkmennebit» of the Balkan region have achieved great results since the beginning of 2021. The enterprise overhauled and commissioned 503 wells in January-November.
Turkmenistan and the EU will discuss 30 years of cooperation and future partnership prospects on May 14
Turkmenistan and the EU will discuss the outcomes of 30 years of collaboration and new joint projects at a conference on May 14.
At the government meeting, measures to strengthen the material-technical base and export potential of the fuel and energy sector were discussed.
President of Turkmenistan Serdar Berdimuhamedov held another meeting of the Cabinet of Ministers via digital system on May 10, where a number of national life issues were addressed.
The President approved proposals for the rational use of oil refinery capacities
On February 28, President of Turkmenistan Serdar Berdimuhamedov held a regular meeting of the Cabinet of Ministers via a digital system, the agenda of which included a number of issues of state life, TDH reports.
The amount of foreign exchange transactions on the exchange of Turkmenistan exceeded $90 million
68 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.