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Turkmenistan proposing to create service JVs in gas sector

Business Materials 28 May 2016 15:31 (UTC +04:00)

Ashgabat, Turkmenistan, May 28

By Huseyn Hasanov- Trend:

A perspective direction of development of mutually beneficial business, creation of service joint ventures (JVs) for the maintenance and repair of equipment in the gas sector, opens before foreign investors in Turkmenistan, the country's oil and gas ministry said in a message.

The urgency of creating a joint venture for maintenance and repair is due to long-term plans of Turkmenistan to develop gas and gas processing industries.

In this regard, the issue of organization of services for the maintenance and repair of the equipment, such as gas turbines, compressors or pumps and the establishment of manufacture of steel structures, piping products, and electrical equipment increasingly becomes more topical, Chairman of Turkmengaz State Concern Ashyrguly Begliev said, according to the message.

He said that in this regard, Turkmenistan welcomes involvement of foreign capital with the possibility of equity participation in the project.

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