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Turkmenistan, Japan to mull co-op in fuel and energy complex

Business Materials 16 July 2015 17:06 (UTC +04:00)
Turkmenistan’s government delegation led by Baimurad Hodzhamuhammedov, the country’s deputy prime minister in charge of fuel and energy complex, will be on a visit to Tokyo, Japan till July 17.
Turkmenistan, Japan to mull co-op in fuel and energy complex

Ashgabat, Turkmenistan, July 16

By Huseyn Hasanov- Trend:

Turkmenistan's government delegation led by Baimurad Hodzhamuhammedov, the country's deputy prime minister in charge of fuel and energy complex, will be on a visit to Tokyo, Japan till July 17, said the message from Turkmenistan's Ministry of Oil and Gas Industry and Mineral Resources.

Japan is interested in developing the cooperation with rapidly developing Turkmenistan which shows sustainable economic growth and is rich of natural resources, Daishiro Yamagiwa, Japan's state minister of economy, trade and industry said during the business forum in Ashgabat in early July.

The agenda of the business forum included the issues related to the practical implementation of the previously reached agreements, in particular, the construction of a modern gas chemical complex for production of polyethylene and polypropylene in the Kiyanly village and construction of the plant for production of gasoline and natural gas in Ovadandepe, Ahal province.

Moreover, in accordance with the contract signed with Turkmenhimiya state concern, Mitsubishi Corporation (Japan) and Gap Insaat (Turkey) carry out the construction of the plant for carbamide production in the Garabogaz city of Balkan province. The capacity of the enterprise will be 1.55 million metric tons per year.

Detailed discussions held on partnership in the electric power industry ended with the signing of a memorandum of understanding between Turkmenistan's Energy Ministry and Japan's Sumitomo Corporation during the forum.

During the meetings held as part of the forum, Japan's Sojitz Corporation provided information about the projects for expanding the production of phosphate fertilizers at Turkmenabat chemical plant, while JGC and ITOCHU corporations briefed about the projects for natural gas processing and those related to the sphere of petrochemistry.

Moreover, the forum reviewed the proposals of the Japanese side on supply of the special equipment used at gas fields, technology for converting natural gas into liquid fuels (GTL), the construction of a cement plant and etc.

Edited by SI

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