The state concern “Turkmennebit” will conclude with the company “Honghua International Co. Ltd.” (People's Republic of China) a contract for the purchase of drill pipes of various sizes. The corresponding Resolution “in order to successfully solve the tasks set for the oil and gas industry in accordance with the “Program for the development of the oil and gas industry of Turkmenistan for the period up to 2030 ” was signed by President Gurbanguly Berdimuhamedov, the “Neutral Turkmenistan” newspaper reported today.
The document was adopted the day after the signing of the Memorandum of Understanding by Turkmenistan and Azerbaijan on joint exploration, development and development of the “Dostluk” hydrocarbon field in the Caspian Sea.
According to experts, the reserves of this field are estimated at up to 50 million tons of oil.
