Turkmenistan, Russia to discuss cooperation issues in fuel-energy sphere
Ashgabat, Turkmenistan, Sept. 8
By Huseyn Hasanov- Trend:
A joint meeting in the format of the roundtable, to be held in Ashgabat on September 8-11 will be dedicated to the development of mutually beneficial cooperation between Turkmenistan and Russia in the oil and gas sector, according to the Turkmen government.
Several bilateral talks and meetings with the heads and representatives of major Russian companies specializing in this area are planned to be held as part of the event, according to the report.
At the last governmental meeting President Berdimuhamedov stressed the importance of implementing the energy strategy of the country, having significant hydrocarbon resources, according to the report.
Russia holds the leading positions among Turkmenistan's largest foreign trade partners. The cooperation with Tatarstan, St. Petersburg, Astrakhan, Sverdlovsk region of Russia has been recently intensified.
More than 190 enterprises with Russian capital were registered in Turkmenistan. They are implementing more than 240 investment projects in the country.
"Revival," "KAMAZ," "Itera," "Zarubezhneft," "Siberia," and other companies are among traditional partners of the country.
One of the strategic areas of partnership between Turkmenistan and Russia is the gas sector. Turkmenistan will transport its gas to Russia via a Central Asia-Center (Turkmenistan-Uzbekistan-Kazakhstan-Russia) gas pipeline.
Currently, the pipeline is not fully working. Russia suspended imports of Turkmen gas in April 2009 due to an accident. Technical issues were resolved. But under the influence of the global recession, Russia has reduced purchases of Turkmen gas to 10-11 billion cubic meters since 2010, which is four times less than the volumes purchased in 2008.