Ashgabat, Turkmenistan, Nov. 10
By Huseyn Hasanov– Trend:
Such Saudi oil companies as Saudi Aramco are showing interest in investing in Turkmenistan, Nebit-Gaz, online newspaper of the country’s Oil and Gas Complex, reported quoting the statement of Khalid A. Al-Falih, minister of energy, industry and mineral resources of Saudi Arabia and chairman of Saudi Aramco, in Riyadh.
In particular, Saudi Aramco is considering possibility of investing in oil and gas production in countries that have access to the Caspian Sea, and in particular in Turkmenistan, which has the largest mineral resources, according to the report.
It is planned to sign memorandums of understanding with Turkmenistan, and the Saudi Industrial Development Fund will provide financial support, said the report. The energy minister added that Saudi Arabia supports construction of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline.
He said that the Saudi companies are ready to supply the materials necessary for the project. The construction of the Turkmen section of the TAPI began in December 2015. On Nov. 8-9, 2017, Riyadh hosted the fifth session of the Intergovernmental Turkmen-Saudi Commission on Trade and Economic Cooperation.
At the session, the participants discussed priorities of business partnership, considering the implementation of the agreements reached during the official visit of Turkmen President Gurbanguly Berdimuhamedov to Saudi Arabia in 2016.