UAE Minister of State emphasizes the growing role of Turkmenistan in global energy security
16:32 27.04.2023 5335
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.
In this regard, Al Saed stressed that such importance of Turkmenistan will only continue to grow. At the same time, he noted that the UAE, which has been involved in the energy sector of Turkmenistan for more than twenty years, is expanding the presence of its companies in the Turkmen economy through investments. The Minister of State expressed confidence that a dynamic bilateral partnership would only strengthen Turkmenistan’s position as a major global energy supplier.
The UAE is also ready to work closely with Turkmenistan in other strategic areas, such as the development of ports, transport and logistics, as well as in the field of addressing climate change challenges, Al Saed continued.
In his speech, the UAE Minister of State also stressed that the visits to the UAE by Chairman of the Halk Maslakhaty Gurbanguly Berdimuhamedov and President of Turkmenistan Serdar Berdimuhamedov in February 2023 and November 2022, respectively, served to further expand constructive and friendly relations.
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.
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.
The President of Turkmenistan led a mass bike ride in Ashgabat
President of Turkmenistan Serdar Berdimuhamedov led a mass bike ride that took place on Monday in Ashgabat to celebrate World Bicycle Day.
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.