Italian firm Eni to expand participation in Turkmenistan’s oil and gas market
Ashgabat, Turkmenistan, Feb.5
By Huseyn Hasanov- Trend:
Eni's CEO, Paolo Scaroni has met with the President of Turkmenistan, Gurbanguly Berdimuhamedov in Ashgabat to discuss Eni's activities in the Caspian Sea, the company said.
During the meeting, they also discussed the possibility of prolonging Eni's activities in the country by extending the length of its onshore concessions and possible participation in gas processing, the company said.
The Turkmen Dovlet Khabarlari (TDH) state news service for its part, said on Feb.5 that the Turkmen president and Eni's CEO discussed the results of the company's work and the possibility of its participation in other promising projects in the country.
"Scaroni expressed confidence that the number of joint projects will further grow and gave assurances that the company will continue to have the most responsible attitude towards its commitments," TDH said.
"Turkmenistan attaches great importance to the development of business relations with partners from the European Union and intends to continue to vigorously attract the largest European consortiums, including the Italian company Eni successfully operating in around 70 countries in joint projects," the Turkmen president said.
Speaking about the intention to expand its participation in the Turkmen market, Eni head stressed that this interest is mainly caused by dynamically developing interstate Turkmen-Italian relations, as well as the creation of a favourable investment climate in the country.
At the current stage of the country's development, Ashgabat actively invites foreign companies to consider the development of hydrocarbons in the Turkmen section of the Caspian Sea where 11 billion tons of oil and 5.5 trillion cubic meters of gas of forecasted resources excluding contracted blocks, are concentrated.
Eni has participated in the Turkmen market since 2008.
Translated by L.Z.
Edited by S.M.