Malaysian PM to attend opening of major infrastructure projects in Turkmenistan

Oil&Gas Materials 2 July 2011 13:53 (UTC +04:00)

Turkmenistan, Ashgabat, July 2 / Trend H.Hasanov /

Malaysian Prime Minister Najib Razak will visit Turkmenistan in the first half of July, the Turkmen government reported on Saturday.

Razak is expected to attend the opening ceremony of the major infrastructure projects, whose contractor company was from Malaysia.

Under the protocol, several meetings of the joint intergovernmental commissions and a series of consultations between foreign ministries will be held.

Following the talks, the sides are expected to sign several bilateral documents.

At the last governmental meeting, Turkmen President Gurbangulu Berdimuhammedov, referring to relations with Malaysia, said "positive experience of a long-term partnership, given the opportunities opened today, has the potential to turn into a full-scale inter-state cooperation."

Former Malaysian Prime Minister Abdullah Ahmad Badawi paid an official visit to Ashgabat in November 2008. The country is interested in the Turkmen market due to the fact that the state-owned petroleum company Malaysia's Petronas Charigali is widely represented in Turkmenistan.

The company signed the PSA with the Turkmen government in 1996 for the development of the Turkmen sector of the Caspian.

The contract area includes the fields Diyarbekir, Magtamguli, Ovez, Mashrikov and Garagol- Denis. Proved reserves are not less than $ 1 trillion cubic meters of gas, more than 200 million tons of oil and 300 million tons of gas condensate. The contract area is about 1,467 square kilometers.