President of Turkmenistan Gurbanguly Berdimuhamedov met with the Chairman of the Union of Oil and Gas Producers of Russia Yuri Shafranik.
During the meeting, it was noted that Russia intended to expand its presence in the promising Turkmen market by actively participating in new joint projects.
“In particular, this concerns the exploration, production and processing of hydrocarbons, as well as other minerals,” says the report.
President Berdimuhamedov emphasized that in the modernization of the oil and gas industry, Turkmenistan relied on the introduction of innovative technologies, advanced achievements of scientific and technical progress, and asked Russian partners to present concrete proposals on cooperation in this area.
Turkmenistan is one of the biggest suppliers of natural gas in the Caspian region. There are about 190 companies with Russian capital in Turkmenistan. (AzerNews/Business World Magazine)