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Turkmenistan, WB developing energy, transport cooperation

Business Materials 25 January 2016 20:36 (UTC +04:00)
Turkmenistan and the World Bank (WB) are interested in the development of cooperation in the spheres of energy, transport and environmental protection, the Turkmen government said Jan. 25.
Turkmenistan, WB developing energy, transport cooperation

Ashgabat, Turkmenistan, Jan. 25

By Huseyn Hasanov- Trend:

Turkmenistan and the World Bank (WB) are interested in the development of cooperation in the spheres of energy, transport and environmental protection, the Turkmen government said Jan. 25.

The negotiations were held at the Turkmen foreign ministry with a WB delegation headed by WB regional director for Central Asia Saroj Kumar Jha.

The further interaction by extending the joint legal framework and the preparation of a new strategy of partnership between Turkmenistan and the WB were discussed at the meeting, the statement said.

Stressing the importance of strengthening the regional cooperation potential, Saroj Kumar Jha said that the WB Group is ready to fully support Turkmenistan's initiatives in different directions.

According to BP's report, Turkmenistan's gas reserves rank fourth in the world. At present, the country is able to export gas to China and Iran. The project of transporting Turkmen gas to Europe is being considered. The construction of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline started in December 2015.

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