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Turkmenistan, Japan to discuss joint oil and gas investment projects

Oil&Gas Materials 26 March 2019 10:08 (UTC +04:00)

Ashgabat, Turkmenistan, Mar. 26

By Huseyn Hasanov – Trend:

A representative delegation of Turkmenistan has planned to hold talks in Tokyo on the participation of Japanese business circles in investment projects in the oil and gas industry of Turkmenistan, Trend reports referring to the Turkmen government.

The matter was discussed at a government meeting. Emphasis was particularly placed on the importance of direct investments by Japanese companies in various sectors of the economy of Turkmenistan, as well as the creation of joint export-oriented enterprises.

A report on the preparation of the working visit was submitted by Deputy Prime Minister, Minister of Foreign Affairs, Chairman of the Turkmen-Japanese Committee for Economic Cooperation Rashid Meredov, deputy prime ministers in charge of the fuel and energy sector, industry and transport Myratgeldi Meredov and Mammethan Chakiyev, as well as the head of the state-owned Turkmengas and Turkmenhimiya concerns and the State Bank for Foreign Economic Affairs of Turkmenistan.

The visit program envisages discussing the course of commissioning work at the petrol production complex erected in the Ahal Region of Turkmenistan. In accordance with the framework agreement between the Turkmengas state concern, Kawasaki Heavy Industries, Ltd. consortium and "Sojitz Corporation", it is planned to specify the details of the design and construction of the second phase of this enterprise.

In addition, the negotiation agenda will include the financing of an agreement on the supply of pipes and other products for the development of the Galkynysh gas field in Mary Region by Sumitomo.

A series of meetings are planned with the leadership of the Ministry of Economy, Trade and Industry of Japan, the Kawasaki Heavy Industries Co. Ltd, Mitsubishi Corporation, Toyo Engineering Co. Ltd., Sojitz, and Nippon Export and Investment Insurance (NEXI) companies, along with the Japan Bank for International Cooperation (JBIC).

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