Turkmenistan to purchase drilling equipment from Italy

Ashgabat, Turkmenistan, Jan.5

By Huseyn Hasanov- Trend:

The Turkmennebit (Turkmenoil) state concern plans to sign a contract with ProBusiness S.r.l. (Italy) with its equity, a message from Turkmen Ministry of Oil and Gas Industry and Mineral Resources said on Jan.2.

The issue is to purchase some 2424 tons of drilling pipes of various types required for drilling and work over at oil and gas fields.

Turkmennebit occupies a leading position in Turkmenistan's economy and is involved in the production of oil and gas, chemicals, stone and bentonite.

The concern is cooperating with various foreign companies for drilling oil and gas fields, overhaul, renovation of equipment for oil and gas fields and oil pipelines and construction of new pipelines.

The concern is not only involved in drilling work at the used fields, it also conducts geological exploration at new areas. Tenders are held from time to time for purchasing required equipment, special machinery and chemical reagents.

In the years of independence, the concern was able to increase oil production from five to eight million tons per year.

Translated by L.Z.

Edited by S.M.