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Turkmenistan, St. Petersburg sign business partnership roadmap

Business Materials 17 February 2020 10:21 (UTC +04:00)
Turkmenistan, St. Petersburg sign business partnership roadmap

ASHGABAT, Turkmenistan, Feb. 17

By Huseyn Hasanov – Trend:

Turkmenistan and Russia' St. Petersburg signed a roadmap in Ashgabat for cooperation in the trade, economic, scientific, technical and cultural fields for 2020-2025, Trend reports with reference to the St. Petersburg city administration.

The document was signed by Deputy Prime Minister, Minister of Foreign Affairs of Turkmenistan Rashid Meredov and Governor of St. Petersburg Alexander Beglov in Ashgabat.

The document provides for the exchange of experience in various areas of the economy.

It is planned to boost the promotion of Turkmen agricultural goods, as well as other export products of chemical, petrochemical industry to the market of Russia's 'northern capital', and to conduct testing of agricultural equipment of St. Petersburg manufacturers in Turkmenistan.

During the discussions on the possible participation of St. Petersburg-based enterprises in major projects, the Turkmen side showed particular interest in areas such as petrochemicals and shipbuilding.

It was also noted that St. Petersburg based enterprises are ready to take part in the construction of the North-South international railway corridor and a complex of flood protection facilities in Ashgabat, as well as to support the construction of ships for the Caspian basin.

The enterprises are also ready to participate in the modernization of the Turkmengaz and Turkmennebit (Turkmenoil) concerns, the Turkmenbashi Complex of Oil Refineries.

Pharmaceutical companies in St. Petersburg can supply medicines to Turkmenistan, in particular insulin.

The parties will develop direct contacts between educational organizations, facilitate the implementation of joint research and humanitarian projects, including in the field of archeology.

The St. Petersburg delegation included heads of road design and construction enterprises (Vozrozhdenie), shipbuilding enterprises (United Shipbuilding Corporation), pharmaceutical industry (Geropharm), IT technology, and water treatment (St. Petersburg Vodokanal), as well as architectural and design lighting (Omega; Petrosoft).

Vozrozhdenie (Renaissance) company has fulfilled a number of projects in Turkmenistan; in particular, the company has built highways, bridges, traffic intersections, overpasses for a total amount of over $1.2 billion.

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