German businessmen to discuss cooperation issues with Turkmenistan
Turkmenistan, Ashgabat, Oct. 5 / Trend H. Hasanov /
A German delegation, led by chairman of the Turkmen-German forum Klaus Jürgen Hedrich, is on a visit to Ashgabat, the Turkmen government said on Friday.
The delegation was received in the national parliament, several ministries and departments. The prospects of fruitful Turkmen-German cooperation in specific sectors were discussed.
"German guests stressed the potential of the Turkmen market," the information said.
This is stipulated by a favorable geopolitical position of the country and "open doors" policy conducted by Ashgabat.
While implementing large projects in Turkmenistan, the German companies as a rule, used the loans of leading German banks. In particular, such projects as the construction of plants for the production of lubricating oils and paraffin and the construction of a gas compressor station in Korpeje.
Such companies involved are: Mannesman, Claas and MAN, Bosch, Bentek, Siemens, Unionmatex GmbH and others. To this list could be included Thyssen Krupp, Airbus, Cifal, Knauf, Goetzpartners, Inhar, Textina, Bauer Comp Holding AG, Lemken GmbH, which also showed their interest in the Turkmen market, proving themselves in Turkmenistan.
In April 2009, the Turkmen government signed a long memorandum with one of the leading traders of natural gas on the EU market - RWE AG, which conducted exploration in the Turkmen sector of the Caspian Sea and is a shareholder of the Nabucco pipeline project.
Turkmen hydrocarbon resources can be connected to the transnational communication via the Caspian Sea thanks to the construction of a small branch (about 300 kilometres) through the sea to the Azerbaijani coast.
Europe hopes to diversify sources of gas consumption by using the Caspian resources, most of which are ensured by Russia.