BAKU, Azerbaijan, April 28. China National Petroleum Corporation (CNPC) has invested more than $9.4 billion in Turkmenistan within the framework of the "Bagtyyyarlyk" contract territory, Trend reports with reference to the Turkmen media.
This was stated by Wang Guihai, General Manager of PetroChina Middle East Corporation at CNPC at the forum on attracting investments in the energy sector of Turkmenistan held from April 26 through 27 in Dubai (UAE).
According to him, CNPC annually exports 13 billion cubic meters of commercial gas and pays $1.2 billion in taxes to Turkmenistan.
Furthermore, he noted that the corporation invested $26 million in social projects and created tens of thousands of jobs.
China National Petroleum Corporation (CNPC) is the largest Chinese oil and gas company, 100 percent of whose capital is owned by the state, as well as being one of the largest energy companies in the world.