Ashgabat, Turkmenistan, July 20
By Huseyn Hasanov- Trend:
A report on the results of the recent talks with Turkmenistan's official delegation led by Deputy Prime Minister Baimurad Hodzhamuhammedov in Tokyo was heard at the recent meeting of the country's Cabinet of Ministers, the message from Turkmen government said.
During the working visit, there were held meetings with Japanese Prime Minister Shinzo Abe and business representatives, according to the government message.
"The meetings focused on the prospects for attracting Japanese investments in the implementation of the projects for developing fields in Turkmenistan, modernization of the oil and gas industry and diversification of the supply routes of Turkmen gas, as well as cooperation within other bilateral agreements and contracts," the message said.
A large package of bilateral documents was signed during the official visit of Turkmenistan's President Gurbanguly Berdimuhammadov to Japan in September 2013. These documents included a number of agreements and contracts between Turkmengaz, Turkmenhimiya and Turkmenoil state concerns and Japan's Sojitz, Chiyoda, Nippon, ITOCHU, JGC, Kawasaki, TOYO, Mitsui, Tsukishima, Mitsubishi, Sumitomo.
Turkmenistan is one of the key players in the gas market of the Caspian Sea region and Central Asia. The country ranks fourth for the volume of natural gas reserve, according to BP report. Currently, it is able to export raw materials to China, Iran and Russia.
In recent years, Turkmenistan has started pursuing the policy of economic diversification by actively developing the oil and gas processing.
Edited by CN