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Turkmenistan, Russia discuss issues of enhancing co-op in Caspian Sea

Business Materials 4 August 2020 11:28 (UTC +04:00)
Turkmenistan, Russia discuss issues of enhancing co-op in Caspian Sea

BAKU, Azerbaijan, August 4

By Jeila Aliyeva - Trend:

Turkmenistan and Russia have discussed prospects for further strengthening of Turkmen-Russian cooperation in the Caspian Sea, Trend reports with reference to “Zolotoy Vek” (Golden Age) newspaper.

The discussion was held during a videoconference of representatives of Russia and Turkmenistan.

In particular, the parties discussed the possibility of using the logistics infrastructure of Russia’ Astrakhan region for the supply of Turkmen goods via the Caspian Sea to Russia’s Republic of Tatarstan.

The sides expressed their mutual readiness to intensify cooperation within the framework of the strategic partnership of Turkmenistan and Russia. In particular, representatives of Tatarstan who also participated in the meeting expressed their willingness to continue cooperation with Turkmenistan in all areas.

The participants reviewed activities of Turkmenistan's Trading House Kazan, Tatarstan's capital, which should help in promotion of Turkmen goods and services to the Russian market.

As reported, earlier, representatives of the two countries discussed intensification of cooperation between Turkmenistan and Tatneft oil and gas company, Kazan helicopter plant company, KER-Holding engineering company, AK bars Shipbuilding Corporation and Tatarstan's companies.

One of the most important field of trade cooperation between Turkmenistan and Tatarstan is the supply of famous Russian KAMAZ trucks, which are widely used in Turkmenistan's construction and agricultural sectors. Over the past ten years, more than 9,000 trucks and special equipment of KAMAZ Engineering JSC have been delivered to the country.

In addition, 46 dump trucks from KAMAZ were delivered to the International Sea Port of Turkmenbashi in Turkmenistan in April 2020.

The foreign trade turnover of Turkmenistan and Tatarstan amounted to $65 million from January through September 2019.

Branches of the leading companies of Tatarstan including KAMAZ, Tatneft and IED-Holding, currently operate in Turkmenistan.

Turkmenistan focuses on cooperation with Russia’s regions and cities, in particular, with Tatarstan republic, Astrakhan region and Saint Petersburg, said the report.

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Follow the author on Twitter: @JeilaAliyeva

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