Turkmenistan, Italy agree on economic co-op

Business Materials 5 May 2015 13:45 (UTC +04:00)
Turkmenistan and Italy have signed a package of bilateral documents.
Turkmenistan, Italy agree on economic co-op

Ashgabat, Turkmenistan, May 5
By Huseyn Hasanov- Trend:

Turkmenistan and Italy have signed a package of bilateral documents, said the message from Turkmen government May 5.

The documents were signed during the working visit of Turkmenistan's President Gurbanguly Berdimuhammadov to Italy.

The signing ceremony took place following the negotiations between Berdimuhammadov and Italy's Prime Minister Matteo Renzi, said the message.

The sides signed a memorandum on economic cooperation, a program of cooperation between the foreign ministries of the two countries for 2015-2016, a memorandum on cooperation in the sphere of science, an agreement on exchange of information on tax issues.

Following the negotiations, the sides adopted a joint statement.

Turkmenistan and Italy regularly hold joint business forums. In these forums, the Italian side is represented by heads of over 70 corporations, leading banks and companies specializing in energy industry, agriculture, food and textile industry, construction, transportation, telecommunications, banking and financial sectors, and aerospace science.

Italian business is represented in the Turkmen market by the Eni UK Holding plc (subsidiary of Italian Eni company). Eni UK Holding plc earlier bought the shares in the British Burren Energy company. Its activities are being carried out as part of the production sharing agreement signed in 2001.

Eni also previously announced about its desire to help in the long term to deliver the Turkmen gas to the Indian market.