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The twenty seventh Worldwide Convention and Expo “Oil and Fuel of Turkmenistan” (OGT-2022) shall be held on October 26-28, 2022 in Ashgabat. The Convention is organized by the State Considerations “Turkmengas”, “Turkmennebit” and the Chamber of Commerce and Trade of Turkmenistan in partnership with Turkmen Discussion board and UK-based GaffneyCline.
The aim of the Convention and Expo is to strengthen the regional dialogue on additional sustainable growth of the power sector, evaluate the newest tendencies within the international regional power system and develop the alternatives for attracting international direct funding to the oil and gasoline business of Turkmenistan. The novelty of this 12 months’s occasion is the Expo, which can run in parallel with the convention and can current the most effective highlights from the home and international oil & gasoline industries, reinvigorated with new concepts and options to match the present business agenda. New parts launched at this 12 months’s Expo will put a key deal with highlighting the significance of acceleration of cooperation between IOCs and NOCs, reinforcing the rising function of mutually helpful partnerships.
Participation and enterprise conferences on the sidelines of this Convention and Expo shall be a superb platform for establishing enterprise contacts in addition to growing the attention of potential companions about new funding tasks within the gasoline and power and gasoline chemical complexes of Turkmenistan.
The agenda of the Convention is targeted on dialogue of such points as:
– the way forward for power: challenges and alternatives;
– offshore and onshore funding alternatives within the Turkmen oil & gasoline sector;
– new period power: prospects for home & regional growth;
– environmental points of hydrocarbon developments;
– modern applied sciences and know-how in oil & gasoline science and training;
Turkmenistan is a significant participant within the international power market. The nation is among the states with large reserves of hydrocarbon uncooked supplies and one of many main power nations on the earth. Turkmenistan holds the world’s fourth largest confirmed pure gasoline reserves, after Russia, Iran, and Qatar. The wealth of the Turkmen mineral assets was clearly confirmed by the worldwide audit of the Galkynysh, Yashlar and Garakel gasoline fields, which reserves are estimated at 27.4 trillion cubic meters of gasoline.
The mission of the gasoline pipeline “Turkmenistan-Afghanistan-Pakistan-India” (TAPI) is on the implementation stage. Regardless of the implications of the COVID-19 pandemic and the following adjustments on the worldwide markets, the TAPI nations proceed to help the implementation of the Turkmenistan-Afghanistan-Pakistan-India Fuel Pipeline Challenge. The 1,853-km pipeline will ship as much as 33 BCMA pure gasoline from the Galkynysh gasoline subject in Turkmenistan to a few off-take factors in Afghanistan, three off-take factors in Pakistan and a remaining off-take level on the Pakistan-India border to provide the Indian market. The linear a part of the Turkmenistan part of the TAPI pipeline is at the moment being commissioned.
Turkmenistan pays nice consideration to attracting direct international funding. Presently, throughout the framework of the concluded Manufacturing Sharing Agreements, quite a lot of international firms, akin to Dragon Oil (Turkmenistan) Ltd, Eni Turkmenistan Restricted, PETRONAS, CNPC and plenty of others produce hydrocarbons each onshore within the Balkan area and offshore fields within the Caspian Sea of Turkmenistan. This 12 months’s convention will deal with attracting investments for the event of hydrocarbon assets within the onshore and offshore blocks of the Turkmen sector of the Caspian Sea.
The cooperation between Turkmenistan and Azerbaijan reached a significant milestone with the signing of the Memorandum of Understanding between the governments of Azerbaijan and Turkmenistan on the joint exploration and growth of hydrocarbon assets of the Dostluk subject within the Caspian Sea. Profitable joint growth of this subject will considerably improve the hydrocarbon export potential of the Caspian area.
In parallel with the export of pure gasoline by pipeline, Turkmenistan is at the moment specializing in the deep processing of pure gasoline. In recent times, a number of gasoline chemical complexes have been commissioned, and within the close to future, a number of extra are deliberate to be constructed to be able to manufacture worth added items which are in excessive demand on world markets.
After the 2 years break, OGT 2022 will host delegates in individual in Ashgabat. For the comfort of worldwide delegates, a constitution return flight from Dubai to Ashgabat shall be organized. The convention may even be out there in on-line format by means of zoom platform. Conferences on the sidelines of the Convention with the senior administration of the Turkmen oil and gasoline sector may even be out there each in individual and on-line codecs.
Senior administration and representatives of each Turkmen state organizations and main worldwide oil and gasoline firms, in addition to main worldwide monetary establishments are anticipated to take part within the convention and Expo.
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