German RWE to explore Turkmen sector of Caspian Sea during six years

Turkmenistan, Ashgabat, July 17 / Trend G. Hasanov /

RWE German Company, one of the biggest European energy companies, got license for exploration of oil and gas at contractual territory of offshore bloc N23 in Turkmen sector of the Caspian Sea during 6 years, national TV channel Altin Asir said.  

German company got license for exploring operations at contractual territory of offshore block N23 for 6 years upon the agreement. Operator will get license for industrial extraction for 25 years in case of revealing of hydrocarbon reserves. Geologists said that significant hydrocarbon resources, especially, natural gas, forecasted on this prospective block. Their concerete volumes will be specified as a result of realization of exploration operations program, including seismic research and drilling of wells.   

The contract was signed with participation of the Turkmen president Gurbanguly Berdymukhamedov and chairman of RWE AG board Jurgen Grossman in Turkmenbashi near the Caspian Sea. 

The State Agency for the Management and Use of Hydrocarbons Resources at the President of Turkmenistan signed the production sharing agreement.

Berdymukhamedov said that reliable business relations with leading German companies are one of priority of foreign political strategy of Turkmenistan. He stressed that it is stipulated by huge scientific and industrial potential of these companies and responsible attitude towards partner obligations. 

"We highly appreciate experience of cooperation with our friends from Germany and intedn to rich it with new projects, including participation of RWE AG," he said.

The memorandum on long-term cooperation was signed between the Turkmen government and joint stock society RWE in Ashgabat in April 2009. The memorandum envisages interaction in energy on a variety of trends. One of aspects of partnership is participation of RWE in project on exploration and production of hydrocarbon from shelf of Turkmen sector of the Caspian Sea.

The sides stressed that Turkmen energy policy envisages new approaches towards cooperation in diversification of development of national oil and gas complex and guarantees of Turkmen energy resources supplies on world markets.

Grossman stressed importance of Turkmen initiative supported by UN members-countries. This initiative was indicated in official document - resolution Reliable and stabile transit of energy resources and its role in stabile development and international cooperation.

Turkmenistan demonstrates adherence to diversification of its energy resources on world markets by expanding geography of export routes at different trends of Eurasian continent, Turkmen Dovlet Haberleri state news agency said. So, Turkmen fuel will pump in eastern direction via Turkmenistan-China pipeline together with traditional routes of natural gas supplies from late 2009.  

Agreements on significant increase of gas supplies to Iran were reached these days. New variants of gas export to Europe are being considered as other prospective routes. European countries regard Turkmenistan as reliable and solid partner playing important role in world community.  

Ambedkar remembered on birth anniversary in Dubai
Ambedkar remembered on birth anniversary in Dubai
AzTV releases video on April 2016 battles: "We honor the April victory with pride!"
AzTV releases video on April 2016 battles: "We honor the April victory with pride!"
ONE OF THE BEST SCHOOLS OF FRANCE – BURGUNDY SCHOOL OF BUSINESS (PHOTO)
ONE OF THE BEST SCHOOLS OF FRANCE – BURGUNDY SCHOOL OF BUSINESS (PHOTO)
Loading Bars
Latest
Italy's cabinet unveils roadmap for reopening starting April 26
Pakistan: Several killed in explosion at Quetta hotel
MSF urges rich countries to back COVID vaccine patent waiver
U.S. commanders seek approval for aircraft carrier near Afghanistan during withdrawal
Britain's Heathrow Airport turns down airline requests for extra flights from India
Qatar reports 819 new COVID-19 cases, 199,180 in total
Uzbekistan reveals number of investment projects implemented with S.Korea, Japan
Azerbaijani gymnast reaches final of European Championship in Basel
Turkey records highest daily COVID-19 deaths toll yet, total nears 37,000
Executive power of Azerbaijan’s Astara district opens tender for overhaul of roads
Georgia introduces new regulation on activation of roaming services
Azerbaijan to increase production of pomegranate in 2021
Iran halts flights to 39 countries due to rising COVID: CAO
NASA, SpaceX delay Crew-2 mission launch to space station
Over 200 mln COVID-19 shots administered in U.S.
Olympic motto may be altered, IOC President says
Turkey extends short-term work pay scheme until June
Uzbekistan Airways plans to discontinue flights to nine countries
Review of Georgia's exports to China
Azerbaijani banks greatly expand mortgage lending volume - CBA
EU provides more details on projects supporting in Georgian energy sector
Iran's Energy Exchange announces products to be on sale on April 24
Extension of contract for dev't of gold-bearing deposit approved in Azerbaijan
Geostat reveals data on China's exports to Georgia
UK records another 2,396 coronavirus cases, 22 deaths
Robert F. Kennedy Human Rights, Nizami Ganjavi Int'l Center to discuss need for human rights advocacy
Armenia demonstrates fascism in relation to historical monuments - Azerbaijani State Committee
Karabakh ceasefire agreement signed, time to move forward - Commissioner for Human Rights
Some Russian airlines receive permission to make regular flights to Azerbaijan
View of Azerbaijan's liberated territories horrifying - Belarus ambassador
Execution of memorandum on improving insurance literacy starts in Azerbaijan
Uzbekneftegaz completes drilling operations on several wells
Number of transactions at Uzbek Commodity Exchange for 1Q2021 increases
EIB to assist Uzbekistan in developing credit line for project in Aral Sea region
Longest tunnel in Iran to be opened by end of spring
WB expresses readiness to provide digital transformation support to Azerbaijan
Iran creating water trading market
Volume of credit investments in Azerbaijan's economy declines
Iran’s Bahar Azadi gold coin price rebounds
WB predicts fall in gold prices in 2021
Kazakhstan to establish new mobile operator
Exports markets demonstrate growing demand for Georgian medications
Kazakhstan talks ongoing work to open CLAAS agricultural vehicles' assembly plant
Turkmenistan's Turkmenbashi refinery to launch production of Jet A-1 aviation fuel
Uzbekistan, Latvia consider prospects for co-op in ICT
Azerbaijan shows footage from Bash Garvand village of Aghdam district (VIDEO)
Postal operators of Azerbaijan, Turkey launch money transfer service at favorable tariffs
India’s crosses a Landmark with Cumulative Vaccination Coverage more than 13 Crores
SOCAR Ukraine bidding for Odessa Port Plant’s tender
London Bridge station reopens after suspicious item investigated
Uzbek-Korean JSC announces tender for transport services
PM Modi to address virtual Leaders' Summit on Climate tomorrow
Turkmenistan's Turkmengeology opens tender for purchase of equipment
Delayed tourism recovery affects Georgian economic growth forecast
India gets elected to three UN ECOSOC bodies
Turkmenistan's Turkmengas opens tender for purchase of chemical products
UK extends G7 Foreign Ministers' meeting invite to India
Kazakhstan’s national postal service operator to buy spares via tender
Georgia prepares for UN Food Systems Summit 2021
Azerbaijan shares data on number of vaccinated citizens for Apr. 21
Azerbaijan confirms 2,075 more COVID-19 cases, 2,480 recoveries
Iran Khodro declares amount of money to be saved
IRICA discloses details of Iran’s trade turnover with neighboring countries
Turkey reveals volume of goods received at Bandirma port in 2M2021
Georgian commercial banks see increase in profits
Industrial parks will also operate in Karabakh zone - President Aliyev
COVID-19 stalls launch of direct flights between Kazakhstan, US - ambassador
European countries to resume J&J COVID vaccine deliveries
Azerbaijan discloses volume of vehicles assembled at Ganja Automobile Plant
Dutch Stone City Energy to build TPP in Uzbekistan’s Surkhandarya region
WB names amount of allocations to countries against COVID-19
Carbamide production in Azerbaijan to grow, WB forecasts
Baku Stock Exchange holds auction on placement of CBA short-term notes
Turkmenistan's gas compressor plant contributes gas supply to oil wells
Eurasian Development Bank to support hospitals construction in Kazakhstan
Number of Kazakh companies increases in Turkey
Turkey unveils volume of cargo shipment through Kocaeli port
Onion exports from Georgia up, while imports decrease
Azerbaijan's Ganja Automobile Plant looks to enter markets of EAEU, neighboring countries
TCO talks release of excess amount pollutants at Kazakhstan’s Tengiz field
Azerbaijan eyes to introduce biometric e-signature system
Verizon loses more-than-expected wireless subscribers
Pace of Turkmen industry dev’t accelerating
Volume of Azerbaijan's 1Q2021 oil export to Spain disclosed
Austria increases import of Turkish-made chemicals
Silk Way West Airlines named ‘Cargo Airline of the Year 2020’
Turkey's 1Q2021 furniture export to Austria shows increase
Turkey's furniture export to Iran up
WB says global coal prices to jump in 2021
Cost of electricity imports to Georgia increase
Iran's Jam Petrochemical Complex sees increase in sales
Ukrainian Bees Airline plans to carry out Kyiv - Tbilisi - Kyiv flights
Azerbaijani state budget receipts through State Customs Committee exceed forecasts
Israel and UK consider green travel corridor
Chanel loses European court fight in trademark dispute with Huawei
Azerbaijan records decrease in lending to communications, transport sector
US committed to help diversify economic opportunities for people of Kazakhstan
101-year-old Malaysian INA veteran honoured
Roaming tariffs to be decreased within Eastern Partnership over next 5 years – deputy minister
Kazakhstan increases exports to UK
All news