Hyundai Engineering is a silver partner at OGT-2023 in Ashgabat
11:53 12.10.2023 6522
Less than two weeks remain before the start of the next International Conference and Exhibition “Oil and Gas of Turkmenistan – 2023” (OGT 2023), which will be held in Ashgabat on October 25-27. This is one of the key events for the energy industry of our country, at which current issues of development of the oil and gas sector will be discussed.
The upcoming forum will traditionally bring together representatives of the world’s leading oil and gas companies, as well as experts and industry leaders from Turkmenistan and foreign countries. The conference will include a number of reports and panel discussions on trends in the global energy market, prospects for the development of hydrocarbon deposits and attracting investments.
In parallel with the conference, an exhibition will be held where the achievements of the oil and gas industry will be presented. Leading oil and gas companies and equipment suppliers will present their products and solutions.
More than 300 delegates from different countries are expected to take part in the forum. As part of the event, meetings are planned with the leadership of the oil and gas sector of Turkmenistan. This will provide an opportunity to discuss prospects for cooperation and new investment projects.
One of the silver partners of the upcoming event will be the Korean company Hyundai Engineering Co., Ltd. The company’s specialists took an active part in the project to develop the giant Galkynysh gas field, which started in 2009.
The initial stage of development of this field was successfully completed in 2013 through the joint efforts of the State Concern “Turkmengas” and companies from the Republic of Korea and the People’s Republic of China. Under this project, Hyundai Engineering Co., Ltd. Built a gas desulfurization plant at the field.
The technical capabilities of the Korean company also imply participation in oil refining projects. Thus, in a consortium with LG International Corporation Hyundai Engineering Co., Ltd. Built and launched several new technological units at the Turkmenbashi complex of oil refineries (TCOR).
Another successful example of cooperation with Hyundai Engineering Co., Ltd. Is the construction of a gas chemical complex for the production of polyethylene and polypropylene in the village of Kiyanly, Balkan velayat. The Korean company LG International Corporation and the Japanese TOYO Engineering Corporation also participated in the implementation of this project under the leadership of the State Concern “Turkmengas”.
Hyundai Engineering Co., Ltd. Also provides training and education for local personnel. At the gas chemical complex in Kiyanly, the company opened a Specialists Training Center, on the basis of which more than a hundred Turkmen workers participating in construction work in Kiyanly are being trained. This Center also improves the skills of technicians working at other industrial enterprises in Turkmenistan.
The President of Turkmenistan and the President of the European Commission expressed confidence in the successful holding of the Central Asia-EU Summit
The President of Turkmenistan Serdar Berdimuhamedov, who is on a working visit to Uzbekistan to participate in the first Central Asia-European Union Summit, met with the President of the European Commission Ursula von der Leyen on April 3.
The price of Brent rose above $100 per barrel again
Oil prices are rising moderately on Friday morning after falling the day before, foreign media reported.
The President of Turkmenistan discussed the prospects for regional cooperation with the President of the European Council
The President of Turkmenistan Serdar Berdimuhamedov, who is on a working visit to Uzbekistan to participate in the first Central Asia-European Union Summit, met with the President of the European Council António Costa on April 3, TDH reports.
Gas price in Europe exceeded $3,300 per 1,000 cubic meters
The spot price of gas in Europe on Thursday evening continued its active growth. A jump in prices at the end of the European trading session is usually the result of the influence of the growth of quotations in the Asian market, Interfax reports.
It is planned to increase hydrocarbon production in Balkan region
In the Balkan region, a key region in the oil and gas sector of Turkmenistan, it is planned to increase natural gas production to 11 billion cubic meters per year by 2025. The head of the Department for Analysis of Economic Risks of the Agency for Protection from Economic Risks under the Ministry of Finance and Economy of Turkmenistan, Hangeldi Gurbangeldiev, said this in a commentary for the official Turkmen press.