Turkmen Turkmengas to sign contract with China's CNPC to complete construction of wells

Turkmen Turkmengas to sign contract with China's CNPC to complete construction of wells

Chinese company CNPC Chuanqing Drilling Engineering Company Limited will provide services for the completion and commissioning of three wells at the Galkynysh gas field, the world's second-largest gas field located in Turkmenistan’s Mary velayat, Trend reports citing Business Turkmenistan.

During a Cabinet of Ministers meeting held online on Friday, Vice-Premier Shahym Abdrakhmanov reported to President of Turkmenistan Gurbanguly Berdimuhamedov a draft Resolution on completion of the construction of gas wells in the Galkynyş gas field, the country's official media reports.

According to the document, as part of the ongoing work on the stage-by-stage development of the field, Türkmengaz (Turkmen Gas) State Concern will sign a contract with the Chinese company to provide services for the completion of construction and commissioning of three complex wells.

The works will last 30 months and the payment for the company's services will be carried out at the expense of natural gas supplies to China, according to the report.

The construction of the wells was started by the UAE-based Gulf Oil & Gas FZE, but were not fully completed.

Following the report, President Gurbanguly Berdimuhamedov stressed the importance of the practical implementation of the agreements reached during a telephone conversation with President of China Xi Jinping in May this year, as well as during the recent official visit of Chinese Foreign Minister Wang Yi.

Signing the Resolution on the completion of the wells, the Head of State addressed a number of specific instructions to the Vice-Premier.

In a government meeting in mid-June, the Vice-Premier Shahym Abdrakhmanov reported that the CNPC won a tender for the construction of new wells in the Galkynyş field. The project is designed for 30 months, and payment for the company's services will be carried out at the expense of the annual supply of 17 billion cubic meters of natural gas to China over three years.

Subscribe to Trend in Google News! Subscribe
OSCE MG co-chairs welcome meeting of Azerbaijani, Armenian FMs
OSCE MG co-chairs welcome meeting of Azerbaijani, Armenian FMs
Azerbaijan files lawsuit against Armenia in international court in Hague
Azerbaijan files lawsuit against Armenia in international court in Hague
OSCE MG co-chairs plan to meet with Azerbaijani, Armenian FMs in NY
OSCE MG co-chairs plan to meet with Azerbaijani, Armenian FMs in NY
Loading Bars
Latest
Azerbaijan to limit traffic on Remembrance Day
Azerbaijani FM talks bilateral issues with his Kyrgyz colleague (PHOTO)
Britain expected to ease visa rules as truck driver shortage bites
Iran’s Bahar Azadi gold coin price dips
Azerbaijan negotiating on UNESCO Mission's visit to liberated territories - minister
Meeting of Halk Maslahaty of Turkmenistan's Milli Gengesh held in Ashgabat
Azerbaijan shares data on number of vaccinated citizens
Azerbaijan confirms 1,099 more COVID-19 cases, 2,404 recoveries
Iran reveals COVID-19 data for September 25
Azerbaijani President Ilham Aliyev congratulates Turkmen counterpart
OIC Commission adopts declaration on results of mission to Azerbaijan
OIC experts visiting Azerbaijan's Ganja to view consequences of Armenia's missile strikes (PHOTO)
Turkmen company intends to export polypropylene yarn
Iran to boost crude oil extraction in Ilam Province
Digitalization - most important tool for ensuring transparency of transit traffic, says Azerbaijani minister
Azerbaijan's Azerpambig announces tender on purchase of spare parts for tractors
Georgia shares data on COVID-19 cases
Uzbekistan reveals number of vaccinated citizens as of September 25
Concentrix enters Georgian market
Weekly review of Azerbaijani precious metals market
Number of transactions at Uzbek stock exchange decreases
Kazakhstan's joint venture to purchase dosing pump through tender
Armenia, as a country in strategic future, doomed to disappear - Russian historian
Over 22,000 new Covid cases registered in Russia for first time since August 14
Iran to take part in exhibition on reconstruction of Azerbaijan's Karabakh
Weekly review of main events in Azerbaijan's transport sector
Iran against any occupation and aggression – Iranian ambassador to Azerbaijan
UzAuto Motors restores manufacturing of several Chevrolet models
Profit of Georgian insurance companies announced
Int'l organizations should investigate Armenia's environmental terror - MP
Azerbaijan MHI State Agency opens tender to acquire MS licenses
Tension in relations between Iran and neighbors - serves enemies, says Iranian MP
Weekly review of Azerbaijani currency market
Uzbekistan shares COVID-19 data for September 25
Kazakhstan’s Ulba Metallurgical Plant opens tender to attract shipment services
Iranian currency rates for September 25
IFC supports National Bank of Georgia in amending Corporate Governance Code
IFC’s cooperation with National Bank of Georgia to help develop green bonds
Eni Turkmenistan Ltd opens tender for supply of materials
Azerbaijan notes increase in oil prices
OSCE MG co-chairs welcome meeting of Azerbaijani, Armenian FMs
Iran plans to increase exports to Iraq
Azercell Mobile Customer Care visits Shusha! (PHOTO)
Uzbekneftegaz develops new well, receives natural gas
Iran's membership in SCO positive move, but not a magic pill to solve all problems
Russia to increase share of low-carbon energy sources to 90% by 2035
S.Korea daily COVID-19 cases top 3,000 for first time after holiday
Australia urges to create ‘stronger, more independent’ WHO
Iran counts on thermal power plants to provide sustainable electricity in winter
Iran imports hay from Russia due to recent drought
UN chief calls for rapid decarbonization of energy systems
EU eyes investments in Baku port to make it greener and better connected digitally - EU official
2,324 more COVID-19 cases reported in Kazakhstan
Iran must ‘move quickly’ if it wants to resume nuclear deal talks: US official
Russian top diplomat, UN Secretary-General discuss Afghanistan, Syria, Ukraine
U.S. CDC director says boosters needed to protect workers
Huawei CFO strikes deal with U.S. over fraud charges, allowing her to return to China
Children aged below 14 see highest COVID-19 rates in Ireland
Migrant camp on Texas border cleared, county judge says
PM Modi invites US President Biden to visit India
Heavy rains, flooding hit over 300,000 people in Sudan: UN
FMs of Azerbaijan and Armenia hold meeting with participation of OSCE Minsk Group Co-Chairs
UK records another 35,623 coronavirus cases
Intel breaks ground on $20 bln Arizona plants as U.S. chip factory race heats up
U.S. House set to debate $1 trillion infrastructure bill Monday - Pelosi
Greta Thunberg joins tens of thousands of climate protesters in Berlin
Russia’s import of cars from Turkey up
Azerbaijani chess team wins bronze medal of European Club Cup (PHOTO)
Turkey will strive to be a leader in climate change fight
Turkmenistan holds ceremony of presenting passports to those granted citizenship
Assistant to Azerbaijani president talks bilateral and regional issues with Iranian Deputy FM
Georgia shares data on public debt
Uzbekistan receives new batch of Chinese vaccine
Biden says there will be consequences over Haiti migrants' treatment
Iran, Singapore discuss bilateral issues
Turkey's manufacturing capacity continues to rise in September
Norway to lift all COVID-19 restrictions: PM
Brent crude oil surpasses $78 per barrel, first time since October 2018
Azerbaijani FM, EU high rep exchange views on further prospects for co-op (PHOTO)
Anglo Asian Mining shares date of payment of dividends to shareholders for 2021
TBC Capital publishes updated macro-sectoral overview of Georgia
Azerbaijani Cabinet of Ministers approves state and consolidated draft budgets for 2022
Azerbaijani FM met his French colleague at 76 session of UN General Assembly
UNHRC on Azerbaijan's initiative makes statement on mine impact on human rights
Iran always wishes peace, security, prosperity to Azerbaijan – ambassador
Azerbaijani Cabinet of Ministers holds expanded meeting (PHOTO)
Azerbaijani banks see increase in volume of deposits
Private Iranian cargo companies warned regarding Karabakh - ambassador
South Korea interested in building 'smart farms' in Turkmenistan
Iraq interested to co-op with Azerbaijan in oil, gas sectors (PHOTO)
Kazakhstan to complete implementation of some projects with WB this year
Georgia unveils import and export volumes of wooden furniture
EBRD eyes to support investment financing for Georgian MSMEs
Shifting carbon tax burden to producers alone to hinder large scale CCS projects
OIC commission assesses damage from Armenia's missile strikes to Azerbaijan's Tartar
Azerbaijani FM meets with UNOCT under-secretary-general
Compulsory non-life insurance fees increase in Azerbaijan
COVID-19 passports in Azerbaijan to be required for going between cities, regions
UNHRC urges Armenia to provide Azerbaijan with minefield maps
Turkey sees growth in number of visitors from Azerbaijan
All news