Turkmenistan and Azerbaijan can become a "window" for Russian oil and gas companies, - Alekperov
16:46 04.11.2022 4547
Russian oil and gas companies may have an opportunity to develop in Azerbaijan and Turkmenistan. Vagit Alekperov, a member of the board of the Russian Union of Industrialists and Entrepreneurs, told reporters about this on the sidelines of the International Exhibition and Conference of the Oil and Gas Industry in Abu Dhabi (ADIPEC), Orient reports.
“Today, all friendly countries are being studied, including Azerbaijan and Turkmenistan, because this will be a “window” for us,” Alekperov said, adding that, first of all, we are talking about offshore exploration blocks.
Earlier, the Russian oil and gas company Lukoil, headed by V. Alekperov, announced its intention to become the operator of the joint Azerbaijani-Turkmen gas project Dostluk in the Caspian Sea. In January 2021, a Memorandum of Understanding was signed between Azerbaijan and Turkmenistan on joint exploration and development of hydrocarbon resources of the Dostluk field. The document provides that the hydrocarbon resources of the field will be distributed between the parties in the ratio of 30% - to Azerbaijan and 70% - to Turkmenistan.
Refined products were in the lead in the auctions
At the auction of the State Commodity and Raw Materials Exchange of Turkmenistan, 47 transactions were registered last week.
UAE Minister of State emphasizes the growing role of Turkmenistan in global energy security
The accelerating energy transition further highlights Turkmenistan’s critical role in maintaining global energy security as a stable and reliable supplier of hydrocarbon resources and as a country supporting the development of renewable and sustainable energy sources. This was stated by the Minister of State of the UAE, member of the board of directors of the Abu Dhabi National Oil Company (ADNOC), Abu Dhabi Development Fund Ahmed Ali Al Sayed, speaking at the International Forum on attracting foreign investment in the oil and gas industry of Turkmenistan, which opened on Wednesday in Dubai.
At the Galkynysh field, annual production may reach up to 200 billion cubic meters of gas
In the future, with the implementation of seven stages of development of the giant Galkynysh field, the annual production of natural gas will reach about 200 billion cubic meters of “blue fuel”. This was stated in the speech of the head of the laboratory of the Scientific Research Institute of Natural Gas of the State Concern “Turkmengas” Irina Luryeva at the International Forum on attracting investments in the energy sector of Turkmenistan in Dubai.
The President of Turkmenistan noted the importance of further increasing natural gas production volumes
On May 31, President Serdar Berdimuhamedov held a regular meeting of the Cabinet of Ministers via the digital system, at which topical issues in the life of the country were discussed.
Gurbanguly Berdimuhamedov instructed to find a way to extinguish the gas crater in Darvaza
Turkmen President Gurbanguly Berdimuhamedov, at a government meeting held last Friday via video link, raised the issue of finding a solution to the long-standing problem associated with a burning gas crater in Darvaza.