Saudi Arabia strives to contribute to support TAPI gas pipeline
Ashgabat, Turkmenistan, Sept. 23
By Huseyn Hasanov– Trend:
The Government of Saudi Arabia seeks to contribute to supporting strategic projects in Turkmenistan, the most important of which is the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, Saudi Ambassador to Turkmenistan Khaled bin Faysal Al-Sahli said, Trend reports citing the Neutral Turkmenistan newspaper.
In his article published in the newspaper, the diplomat also wrote that large Saudi companies, such as Aramco, are eager to participate in various projects carried out in Turkmenistan.
The ambassador noted the important role of the Turkmen-Saudi intergovernmental commission on trade and economic cooperation, the next meeting of which will be held this year in Riyadh.
Saudi Arabia established diplomatic relations with Turkmenistan in 1992. After taking the presidency in 2007, President of Turkmenistan Gurbanguly Berdimuhamedov made his first foreign official visit to Saudi Arabia.
Saudi oil companies are interested in investing in Turkmenistan. In particular, Saudi Aramco is considering investing in the production of oil and gas in Turkmenistan.
Moreover, Riyadh has already made its capital investments in the TAPI gas pipeline project, the construction of which began in December 2015. Possible costs of the large-scale project are estimated at $8 billion.
Turkmenistan and Saudi Arabia are also studying partnership opportunities in cement production, agricultural sector, including livestock and grain cultivation.