Ashgabat, Turkmenistan, Apr. 2
By Huseyn Hasanov- Trend:
President of Turkmenistan Gurbanguly Berdimuhammadov signed a decree, according to which the composition of the Turkmen-Indian intergovernmental commission for trade, economic, scientific and technological cooperation has been approved.
Head of the commission from the Turkmen side is Deputy Prime Minister, Foreign Minister Rashid Meredov.
Earlier it was reported that the two countries are involved in implementation of the project for the construction of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline, the work on which has been carried out since 2010. In May 2012, the Turkmen government
concluded an agreement on the sale and purchase of natural gas from Indian GAIL ltd.
Indian media had previously reported that ONGC Videsh Ltd (OVL) is studying its possibilities of investment in the economy of Turkmenistan and shows interest for the development of the largest gas field of the country. The report said that during the talks in New Delhi, the Turkmen side noted a preference for service contracts, whereas India is interested in signing a production sharing agreement (PSA).
Edited by CN