Bahraini petrochemical company signs agreements with Turkmenistan

Oil&Gas Materials 19 March 2019 14:12 (UTC +04:00)

Ashgabat, Turkmenistan, Mar. 19

By Huseyn Hasanov – Trend:

Bahrain’s Gulf Petrochemical Industries (GPIC) company has signed a number of agreements with Turkmenistan’s state concerns in the Turkmen capital Ashgabat, Trend reports referring to the Turkmengas state concern.

Memorandums of understanding on cooperation were signed with the Turkmengas and Turkmenhimiya state concerns, along with confidentiality agreements.

GPIC has been discussing joint projects with Turkmenistan since the beginning of the year.

It was reported earlier that a number of innovative gas processing complexes were being planned for construction in Turkmenistan, including the second stage of the plant in Owadandepe (Ahal Region) for the production of synthetic gasoline. In the coastal town of Kiyanly (Balkan Region), it is planned to build one gas-chemical complex for the production of polypropylene, linear low density polyethylene, polyvinyl chloride, as well as caustic soda, hydrochloric acid, and liquid chlorine.

Moreover, a project is being developed for the construction of a plant in Kiyanly for the production of methyldiethanolamine (MDEA), through the processing of 4,000 tons of ethylene gas and 2,000 tons of methanol per year.

Intermediate products of neighboring gas chemical complexes will be used as raw materials. Carbamide, polyethylene, polypropylene, and polypropylene film are among the products in demand abroad – all of which are already produced in Turkmenistan. According to a report by British Petroleum (BP), Turkmenistan ranks fourth in the world in terms of natural gas reserves and currently exports it to China and Iran. Negotiations are underway to resume the supply of this of fuel to Russia.