ASHGABAT, Turkmenistan, Could 23. Turkmenistan
plans to broaden cooperation with overseas companions in offshore oil
and gasoline tasks within the nation’s sector of the Caspian Sea,
Development reviews by way of the
press service of the Turkmen Authorities.
The corresponding proposal was permitted by President of
Turkmenistan Serdar Berdimuhamedov following a report by Deputy
Chairman of the Cupboard of Ministers Guvanch Agajanov on the
growth of licensed offshore hydrocarbon blocks within the Turkmen
sector of the Caspian Sea.
The top of state instructed related officers to hold out the
vital organizational work for implementation of the deliberate
initiatives.
Turkmenistan has lengthy relied on cooperation with overseas vitality
corporations within the growth of offshore hydrocarbon sources in
the Caspian Sea, primarily by manufacturing sharing agreements
(PSAs). Among the many largest overseas traders within the nation’s vitality
sector are Malaysia’s Petronas, the UAE-based Dragon Oil, Italy’s
Eni, and China’s CNPC.
Petronas has operated in Turkmenistan since 1996 and stays one
of the important thing gamers in offshore gasoline manufacturing within the Caspian Sea.
In 2025, the corporate signed a brand new production-sharing contract for
Block I along with Abu Dhabi’s XRG and Turkmen state
enterprises. The block reportedly comprises greater than 7 trillion
cubic ft of gasoline sources and at present produces round 400
million cubic ft of gasoline per day.
Dragon Oil, in the meantime, has been creating the Cheleken contract
space within the japanese Caspian underneath a PSA since 2000 and has invested
billions of {dollars} into offshore manufacturing tasks. Turkmenistan
has additionally cooperated with overseas corporations on seismic exploration and
infrastructure growth tasks linked to offshore oil and gasoline
fields.
