Turkmenistan, Saudi Arabia to increase partnership in oil, gas sector
BAKU, Azerbaijan, September 18
By Jeila Aliyeva - Trend:
Turkmenistan and Saudi Arabia will increase their partnership in the oil and gas as well as chemical industries, Trend reports with reference to the Ministry of Foreign Affairs of Turkmenistan.
This was stated during a videoconference between Minister of Foreign Affairs of Turkmenistan, Rashid Meredov, and Minister of Foreign Affairs of the Kingdom of Saudi Arabia, Faisal Bin Farhan Al Saud.
The parties stressed the need to intensify trade and economic cooperation, build up partnerships in the field of agriculture, textile, and construction industries.
In this regard, the importance of resuming interdepartmental meetings between representatives of Turkmenistan and Saudi Arabia was emphasized.
The regular meetings at various levels contribute to the expansion of mutually beneficial cooperation in all areas of cooperation, the parties said.
In this context, they expressed their mutual readiness to expand the bilateral dialogue and organize visits of the two countries ' delegations as the current global epidemiological situation normalizes.
It was earlier reported that Turkmenistan is of investment interest for oil companies of Saudi Arabia, such as Saudi Aramco. The company considered investing in oil and gas production, including countries with access to the Caspian Sea, such as Turkmenistan, which owns the largest mineral resources.
Saudi Arabia supports the construction of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline, which started in December 2015.
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