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Turkmenistan, USA discuss investing in projects

Business Materials 24 March 2012 16:42 (UTC +04:00)
Recently, a governmental delegation of Turkmenistan held a meeting within the Turkmen-U.S. Business Council in Washington, which was attended by heads of companies Chevron, Exxon Mobil, ConocoPhillips, Caterpillar, Boeing, Case New Holland, Bell Helicopter, the Turkmen government said on Saturday.
Turkmenistan, USA discuss investing in projects

Turkmenistan, Ashgabat, March 24 / Trend, H. Hasanov /

Recently, a governmental delegation of Turkmenistan held a meeting within the Turkmen-U.S. Business Council in Washington, which was attended by heads of companies Chevron, Exxon Mobil, ConocoPhillips, Caterpillar, Boeing, Case New Holland, Bell Helicopter, the Turkmen government said on Saturday.

"The meeting discussed in detail the possibility of involvement of U.S. business in Turkmenistan, supply of new technologies, making investments in our country," the report says.

In addition to general meetings, members of the Turkmen delegation held several meetings with the heads of leading U.S. oil and gas companies, in particular, such as Chevron, Exxon Mobil and ConocoPhillips.

"Appreciating the prospects of cooperation with Turkmenistan, which has huge reserves of hydrocarbon raw material, business circles representatives expressed full willingness to provide all possible assistance to Turkmenistan in implementation of the strategy to diversify its energy resources exports to the world market and take an active part in implementing the projects to lay new transnational pipelines, construct new facilities of oil and gas industry and render services," the report says.

It is planned to hold an exhibition of the U.S. companies in Ashgabat and the Turkmen-U.S. Business-Forum in May 2012. Some 104 U.S. companies, represented by over 300 businessmen and specialists, intend to attend them.

At present, business contacts have been established between the two countries in such areas as supply of highly productive agricultural machinery, upgrading of technical civil aviation fleet of Turkmenistan, as well as import of power equipment.

With regard to joint projects in the gas industry, this stage of cooperation should be studied yet. U.S. is interested in such projects as laying gas pipelines from Turkmenistan to Europe via the Caspian Sea and to Pakistan and India via Afghanistan.

In addition, negotiations are underway on the development of hydrocarbon fields in Turkmenistan, which ranks fourth in the world for its natural gas reserves. Ashgabat invites U.S. companies to the development of the Turkmen shelf of the Caspian Sea.

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