Turkmenistan, Hungary strengthening economic co-op

Turkmenistan Materials 30 May 2015 10:51 (UTC +04:00)

Ashgabat, Turkmenistan, May 30

By Huseyn Hasanov - Trend:

The Turkmenistan-Hungary intergovernmental commission on economic cooperation plans to hold a meeting June 3-4 in Ashgabat, said the Turkmen government in a message May 30.

This was also discussed at a meeting of Turkmenistan's cabinet of ministers.

The message read that it is envisaged to mull new ways to strengthen partnership in the energy industry, transportation and communication sectors, agriculture.

Turkmenistan's President Gurbanguly Berdimuhamedov, who took part in the cabinet of ministers meeting, said the joint commission's work will be "another important step in the expansion of bilateral collaboration of Turkmenistan with the Republic of Hungary."

It should be noted that Hungary is interested in increasing the imports of chemical industry, oil and gas processing products from Turkmenistan.

Turkmenistan, which has the fourth-largest gas reserve in the world, is exploring the opportunities to reach the European market.

To this end, a project is underway to lay the Trans-Caspian Gas Pipeline to the coast of Azerbaijan, from where the Turkmen raw materials can be delivered to Turkey and further to Europe.