Arzuw NEWS - Turkmenistan news

"Turkmengaz is ready to sign agreements with CNPC for more than $106 million

"Türkmengaz and CNPC Chuanqing Drilling Engineering Company Limited (PRC) will expand the existing agreements by signing additional agreements.

The amount of additional investment, which will be returned by fuel, will exceed $106 million. Sh. Abdrakhmanov, deputy prime minister for the fuel and energy sector, spoke about the work in this area at the government meeting.

The head of Turkmenistan supported this proposal, noting the importance of modernization of the oil and gas sector and the use of modern technology, as it promotes the growth of exports of Turkmen gas.

This year, CNPC should complete the project, which started in August 2021, to build three wells at Galkynysh.



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