Arzuw NEWS - Turkmenistan news

Turkmenistan to license foreign investors to process hydrocarbons

Starting July 1, the State Concerns Turkmennebit and Turkmengaz will begin issuing licenses to foreign investors for processing of hydrocarbon resources. The President of the country recently introduced relevant changes and amendments regulating the right of oil and gas companies to issue licenses.

The license will be available to companies that are ready to refine oil and gas on the territory of Turkmenistan at their own expense. Permission for refining is issued for a period of 20 years with the right to extend for another 10 years.

 

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