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Turkmen part of joint commission with Japan approved

Business Materials 23 March 2012 13:56 (UTC +04:00)

Turkmenistan, Ashgabat, March 23 /Trend H.Hasanov/

President of Turkmenistan Gurbanguly Berdymuhamedov has approved the Turkmen part of the Turkmen-Japanese Economic Committee, an official Turkmen source said on Friday.

Baymurad Hojamuhammedov deputy-premier in charge of oil and gas industry complex, chemical industry and Fisheries of Turkmenistan was appointed committee head.

The official visit of Berdymuhamedov to Japan in 2009 was to promote bilateral relations. A number of intergovernmental agreements and contracts with Japanese companies were signed during at that time.

Such companies as Mitsubishi, Kawasaki, Sojitz, Itochu Corporation and JGC, Toyota Corporation, Marubeni Corporation and others expressed interest in cooperating with Turkmenistan. The business interests of Turkmenistan and Japan towards each other is due to the parallel of the national economies of both countries.

Japanese companies are represented here in such industries as the oil and gas sector, transport and communications, construction, healthcare and water management.

Particularly active is the participation of Japanese companies in projects to modernise fuel and energy, as well as the supply of modern road construction and earth moving equipment. Japan took part in the reconstruction of the largest oil refinery in Turkmenistan located in Turkmenbashi.

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