ASHGABAT, Turkmenistan, April 25. The International Forum to Attract Foreign Investments in Turkmenistan's Energy Sector, launched in Paris, is designed to expand opportunities for attracting foreign direct investment in all segments of the industry, Trend reports.
This was stated by the Advisor to the President of Turkmenistan on oil and gas issues, Ashirguly Begliev, during a speech at this event.
"The purpose of the forum is to expand opportunities to attract foreign direct investment in all segments of the energy sector of Turkmenistan related to the extraction, transportation, and processing of oil and gas, the production of renewable energy sources, transportation, construction, as well as environmental aspects of the development of hydrocarbon fields," he said.
Begliev named service contracts, the creation of joint ventures, and the implementation of projects until they are ready as priority forms of cooperation with foreign partners.
"Among the main factors in Turkmenistan's growing attractiveness to foreign investors is the stable economic and political situation in the country, as well as the legislative framework and state guarantee," he added.
Meanwhile, the purpose of this event is to increase the chances of attracting foreign direct investment in all segments of the energy sector of Turkmenistan and improve the regional debate on the future sustainable development of energy.
Data from the Turkmengaz State Concern shows that the country's hydrocarbon resources are estimated at more than 71 billion tons of oil equivalent.
This volume includes more than 20 billion tons of oil and more than 50 trillion cubic meters of natural gas.
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