Ashgabat, Turkmenistan, May 24
By Huseyn Hasanov - Trend:
Turkmenistan's President Gurbanguly Berdimuhamedov and head of the European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti have discussed the possibility of EBRD's participation in Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, said the message from Turkmenistan's government May 24.
Suma Chakrabarti is on a visit to Ashgabat.
The main document for the TAPI, called the Ashgabat Interstate Agreement, was signed in 2010.
The groundbreaking ceremony for TAPI's Turkmen section was held in mid-December of 2015.
The annual capacity of the gas pipeline will reach 33 billion cubic meters.
Chakrabarti praised the measures taken in Turkmenistan for strengthening the national financial and banking system, noting that those measures enabled the country to ensure its domestic economic stability and maintain high rates of socio-economic growth.
The EBRD head pointed out that he supports Turkmenistan's strategy for economic diversification and improving the activities of financial and banking structures.
The parties also discussed the prospects for further developing the cooperation. They held detailed discussions on the proposals for implementation of new projects in the oil and gas sector and other key areas of economy, said the message.