UK looking for mutually beneficial partnership with Turkmenistan

Business Materials 7 March 2012 18:57 (UTC +04:00)

Turkmenistan, Ashgabat, March 7 /Trend H.Hasanov/

The delegation of business circles of Great Britain, led by co-chair of the Turkmen-British Trade and Industry Council Ronald Nash is in Ashgabat, media reported on Wednesday.

The delegation held number of meetings at the government and Ministry of Foreign Affairs.

There was a discussion with top managers of the country's fuel and energy sector, the Ministry of Petroleum and Mineral Resources, the State Agency for the use and management of hydrocarbon resources under President of Turkmenistan, the State Concern "Turkmengaz" and Turkmengeologiya Corporation.

During meetings Nash noted that "the British government pays great attention to strengthening the mutually beneficial partnership with Turkmenistan, which has a great resource potential," Neutral Turkmenistan newspaper reported
Trade-economic, energy, transport and communication sectors, construction, tourism and sports, as well as scientific and educational spheres were identified as priority areas.

The representatives of London said about the desire of the leading companies in the UK to participate in the programs implemented in Turkmenistan for the modernization of the national economy, the newspaper "Watan" reported.

Noting the high potential of fuel and energy, and the importance of Turkmenistan's energy strategy aimed at diversification of energy exports, the British delegation, "stressed the particular relevance of the Turkmen leader's initiatives to ensure global energy security."

Representatives of 40 largest companies in the UK, including "Aero Assets Ltd", "AJW Aviation", "BG Group", "BP Exploration Operating Company Limited", "Bridgehouse Capital", "BSP International Founddations Ltd", "Cape Industrial Services Europe Limited", "Construction Equipment Association", "De La Rue "," Eagle Scientific Limited "," Eurasia Group "," Gomaco International Ltd "," HSBC Bank PLC "," Over Arup & Partners "," Petrofac "," Shell International Ltd "and others are included to the delegation.

According to the British business community, an important factor "for the further development of business contacts is a promising Turkmen market and favorable conditions created in Turkmenistan for investment and for foreign companies."

British companies such as Petrofac, Dragon Oil, Burren Energy, Gaffney, Cline & Associates, De La Rue are presented at the Turkmen market at the moment. London considers Turkmenistan, which has the world's largest natural gas reserves, as one of the key players in international energy markets.

In turn, the leadership of Turkmenistan, referring to the prospects of Turkmen natural gas transportation to European markets, including the UK, said that it fully meets the plans of Turkmenistan to diversify its energy exports to world markets.