Ashgabat, Turkmenistan, Dec.7
By Huseyn Hasanov- Trend:
President of Turkmenistan will visit the United Arab Emirates (UAE) with official visit on December 9-10, said on Saturday in report of Turkmen government.
During the visit expected to sign a package of intergovernmental documents. According to the report, on the eve of his visit to the UAE there will open the Days of Culture of Turkmenistan.
Diplomatic relations between Turkmenistan and the UAE were established in October 1995 . At this stage, the legal framework of international cooperation constitute 28 documents signed at the various levels.
Volume of trade between the two countries last year reached almost one billion dollars. Companies from UAE prominently represented at the local energy market. Dragon Oil operates in the Turkmen sector of the Caspian Sea since 1999 under the Production Sharing Agreement (PSA). This company is one of the largest foreign investors in Turkmenistan, its capital amounted to $ 2.8 billion .
Another company Petrofac in September 2013 completed service project, totaling about 4 billion dollars to develop in Mary region - Galkinish gas field , the second largest gas field in the world.