BAKU, Azerbaijan, January 27. The branch of China National Petroleum Corporation (CNPC) will carry out oil and gas exploration work in Tajikistan, Trend reports via Tajik media.
The following statement was made during a meeting of the leadership of Khatlon Province of Tajikistan with a representative of the branch of CNPC Central Asia B.V.
CNPC Central Asia B.V. representatives underlined that in the event of successful completion of exploration work, a serious impetus would be given to the development of the oil and gas industry in Tajikistan.
Meanwhile, investment opportunities, legal framework and favorable operating conditions, expanding mutually beneficial economic cooperation and attracting Chinese companies to accelerate industrialization of Tajikistan were also considered.
In its most recent energy outlook, the Asian Development Bank said that Tajikistan's domestic oil and natural gas production numbers are nearly negligible. However, the government plans to modernize and conduct a technical re-equipment of its upstream infrastructure, as well as develop new oil and natural gas fields.