Kawasaki aims for long-term co-op with Turkmenistan

Business Materials 12 December 2019 15:28 (UTC +04:00)
Kawasaki aims for long-term co-op with Turkmenistan

ASHGABAT, Turkmenistan, Dec. 12

By Huseyn Hasanov– Trend:

Turkmen President Gurbanguly Berdimuhamedov has met with Managing Executive Officer of Kawasaki Heavy Industries, Ltd. Tatsuya Watanabe, Trend reports referring to Turkmenistan TV channel Dec. 12.

The Japanese businessman confirmed the desire of the company he represents to cooperate on a long-term basis and assured that the Japanese business circles will make every effort to strengthen its position in the Turkmen market.

Berdimuhamedov noted that traditional business relations with Japan are reaching a qualitatively new level, successfully developing in a wide range of areas.

In this context, an exchange of views took place on the prospects for collaboration. In particular, the sides touched upon the implementation of a project to build a new plant for the production of gasoline from natural gas in Turkmenistan.

The corresponding memorandum between the Turkmengaz State Concern and a consortium of Kawasaki and Sojitz companies was signed as part of a working visit of the Turkmen president to Japan in October.

A similar plant was already commissioned in June 2019 with the participation of Kawasaki in the Ahal region in Turkmenistan. The plant is designed to produce 600,000 tons of RON-92 gasoline, 12,000 tons of diesel fuel and 115,000 tons of liquefied gas per year.

The project with a total value of $1.7 billion was carried out through investments of the Japanese side and Turkmengaz funds. Kawasaki acted as a contractor in a consortium with Turkish Ronesans Holding.