Turkmenistan, JBIC consider new promising projects in number of sectors

Finance Materials 23 December 2020 10:17 (UTC +04:00)
Turkmenistan, JBIC consider new promising projects in number of sectors

BAKU, Azerbaijan, December 23

By Jeila Aliyeva - Trend:

Turkmenistan and the Japan Bank for International Cooperation (JBIC) reviewed promising projects in the gas, chemical, transport, and agricultural sectors, Trend reports with reference to Turkmenistan’s Ministry of Foreign Affairs.

The discussions were held during a videoconference between the Minister of Foreign Affairs of Turkmenistan Rashid Meredov and JBIC Governor Tadashi Maeda.

There was a constructive exchange of views on the future stages of the partnership. The Japanese side expressed interest in continuing investment activities in Turkmenistan, taking into account the current realities.

The parties also considered current projects, in particular, including a gas chemical complex in the village of Kiyanly, a plant for the production of carbamide in the city of Karabogaz, and the plant for the production of gasoline from natural gas (GTG) in the Akhal region.

The construction of a gas turbine power plant in the Charjev district of the Lebap region of Turkmenistan continues with the participation of Japanese partners.

The State Bank for Foreign Economic Activity of Turkmenistan and JBIC signed an agreement on cooperation in 2013.

The website of the Turkmen bank said "the government of Turkmenistan plans to build a number of petrochemical factories and factories for the production of fertilizers using natural gas as raw materials."

A number of agreements and contracts were signed between Turkmengaz, Turkmenkhimiya, and Turkmennebit (Turkmenoil) state concerns and Japanese Sojitz, Chiyoda, Nippon, ITOCHU, JGC, Kawasaki, TOYO, Mitsui, Tsukishima, Mitsubishi, Sumitomo companies in 2013.

It was reported then that the total cost of the planned joint projects exceeded $10 billion.


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