Italian Eni Company proposes joint energy projects to Turkmenistan

Turkmenistan, Ashgabat, October 29 / Trend H. Hasanov /

Chairman of Italian leading oil and gas corporation Eni's board, Paolo Scaroni met with Turkmen President Gurbanguly Berdimuhammedow and discussed joint projects.

The governmental press-service said today that Italian businessman has expressed readiness to participate actively in implementation of joint projects stressing the potential of the Turkmen market. In his turn, the Turkmen President stressed that Turkmenistan is always open for constructive dialogue, including with leading European companies.

Eni has been operating in Turkmenistan since 2008. It managed to buy Burren Energy plc's controlling package of shares (United Kingdom). Eni's main competitors for the deal were Korea National Oil Corporation and Adani Welspun Exploration Limited. Therefore, the company gained access to develop the contract area of Burun in Nebit-Dag (western Turkmenistan). This territory covers 200 square kilometers. About 12,000 barrels of oil are extracted there daily.

Director-General of the Italian company Eni Spa Claudio Descalzi, taking part in the international investment forum in Ashgabat, proposed to establish a center for gas supply in Turkmenistan. Eni has expressed interest in the long-term format to create a pipeline that would transport gas from the Caspian region to Pakistan and India.

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