Turkmenistan, Malaysia to mull energy cooperation

Oil&Gas Materials 7 December 2011 11:42 (UTC +04:00)

Turkmenistan, Ashgabat, Dec. 7 / Trend, H. Hasanov /

President of Turkmenistan Gurbanguly Berdimuhammadov, who paid an official visit to Kuala Lumpur, will meet with the King of Malaysia Mizan Zainal Abidin Ibni Almarhum Sultan Mahmud Al-Muktafi Billah Shah and Prime Minister Mohd Najib Tun Abdul Razak on Wednesday, the Turkmen government said.

Intergovernmental negotiations will take place today involving official delegations of the two countries.

The agenda of the negotiations include issues of bilateral cooperation in various spheres of economy, including in the energy sector, trade, investment, transport and communications, as well as in such promising spheres as tourism, high technology and business.

The sides also exchanged views on cooperation in addressing global challenges, including within the authoritative international organizations, first of all the UN.

Following the talks, it is expected to sign bilateral documents "intended to consolidate the positive dynamics of development of the Turkmen-Malaysian partnership, deepen and enrich its content, form new approaches and effective mechanisms to realize the existing huge potential for cooperation for the benefit of both peoples".

Malaysia's interest in the Turkmen market first of all is due to activity of Petronas Charigali State oil and Gas Company, operating in the Turkmen sector of the Caspian Sea since 1996.

The company started commercial oil production in Turkmenistan since May 2006, using route through Azerbaijan and Iran for its export. Recently natural gas production has become possible, transportation of which is possible both through traditional route to Russia, as well as projected route - to Europe through the Caspian Sea and Azerbaijan.