S.Korean companies consider investment projects of Turkmen fuel and energy complex

Oil&Gas Materials 26 February 2019 12:42 (UTC +04:00)

Ashgabat, Turkmenistan, Feb. 26

By Huseyn Hasanov – Trend:

The Turkmen delegation held the talks with the management of Samsung and LG companies in Seoul regarding their participation in investment projects of the Turkmen oil and gas complex, Trend reports referring to Turkmenistan’s Altyn Asyr TV channel on Feb. 26.

The Turkmen side was headed by Deputy Prime Minister Myratgeldy Meredov, who was received by Prime Minister of the Republic of Korea Lee Nak-yeon.

Turkmenistan intends to expand cooperation with the Export-Import Bank of Korea and the Korea Trade Insurance Corporation in financing the projects to be implemented in Turkmenistan by South Korean companies.

Seoul hopes for partnership with Turkmenistan in such spheres as the development of gas fields, the creation of petrochemical and gas infrastructure.

LG and Hyundai together with Japanese TOYO have recently implemented a project worth $3.4 billion to build a complex for the production of polyethylene and polypropylene in Kiyanly settlement.