BAKU, Azerbaijan, April 26. Dragon Oil company intends to invest at least $8 billion in projects in Turkmenistan in the next 15 years, Trend reports with reference to the Turkmen media.
This was stated by Chief Executive Officer of Dragon Oil, Ali Rashid Al Jarwan, speaking at the International forum on attracting foreign investment in the oil and gas industry of Turkmenistan, which takes place from April 26 through 27 in Dubai (UAE).
He noted that for more than 20 years of joint work, the company has invested more than $8 billion in projects for the development of oil fields in Turkmenistan, and is ready to invest at least as much in the next 15 years.
Furthermore, CEO of the company called the transformation of the energy sector and support for the initiative of the Government of Turkmenistan in the transition to renewable energy sources one of the areas where Arab business can be most active.
Dragon Oil is an oil and gas exploration, development and production company wholly owned by the Government of Dubai. The main production asset of the company is the Cheleken contract zone in the Turkmen sector of the Caspian Sea.