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Turkmenistan, Japan's Kawasaki Heavy Industries, Ltd. outline new priorities for further co-op

Business Materials 29 January 2021 10:59
Turkmenistan, Japan's Kawasaki Heavy Industries, Ltd. outline new priorities for further co-op

BAKU, Azerbaijan, January 29

By Jeila Aliyeva - Trend:

Turkmenistan and the Japanese Kawasaki Heavy Industries, Ltd. company have outlined new priorities for further intensification of mutually beneficial cooperation, Trend reports with reference to Turkmenistan’s Ministry of Foreign Affairs.

This was said during a videoconference between representatives of Turkmenistan and Managing Executive Officer of Kawasaki Heavy Industries Ltd, Tatsuya Watanabe.

The parties discussed the positive experience of bilateral cooperation, as well as outlined new priorities for further intensification of mutually beneficial cooperation.

Turkmenistan is implementing large-scale projects with the participation of the Japanese side and intends to actively continue the good traditions of cooperation in the future, the report said.

The representatives of the Turkmen delegation highly appreciated the active participation of the Japanese side in the construction of a plant for the production of gasoline from natural gas, as well as in ensuring its smooth operation.

In addition, they discussed joint investments in this project through cooperation with leading global financial institutions, including the Japan Bank for International Cooperation (JBIC).

According to the information, the meeting was attended by heads and representatives of the Ministry of Foreign Affairs, the Ministry of Finance and Economy of Turkmenistan, the Turkmengas State Concern, as well as the State Bank for Foreign Economic Affairs of Turkmenistan.

As reported, Turkmengas State Concern of Turkmenistan concluded a contract with the Japanese Kawasaki Heavy Industries, Ltd. for the provision of consulting services for the management of a gas-to-gasoline (GTG) plant.

The contract provided for the management of the plant for the production of gasoline from natural gas in the Ovadan Depe area, located in Turkmenistan’s Ahal province near Ashgabat, the capital.

The plant can process over 1.7 billion cubic meters of natural gas and produce 600,000 tons of RON 92 gasoline, 12,000 tons of diesel fuel, and 115,000 tons of liquefied gas in a year.

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