BAKU, Azerbaijan, March 12
By Jeila Aliyeva - Trend:
Turkmenistan’s the fuel and energy sector has attracted foreign loans in the amount of more than $8.8 billion in recent years, said President of Turkmenistan Gurbanguly Berdimuhamedov, Trend reports with reference to the State News Agency of Turkmenistan.
To the date, 93 percent of the above-mentioned credit funds have been put to use.
In general, an important task is to transform the country into an industrially developed state with a high-tech, "green", innovative economy, said the president.
Berdimuhamedov noted that despite the COVID-19 pandemic, Turkmenistan does not reduce the pace of work on the implementation of large-scale regional and national investment projects, as well as reforms in various segments of the country's economy.
Turkmenistan is studying key trends in the global oil and gas industry, the state of world energy markets and analyze the demand for the main types of products of the fuel and energy complex to form its own development plan for the fuel and energy sector.
In order to improve the country's fuel and energy sector, it was also decided to diversify the oil and gas sector and modernize its infrastructure on an innovative basis.
Also, the fuel and energy sector of Turkmenistan can establish cooperation with foreign companies in the field of it.
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