Turkmenistan will provide the Chinese International Ltd. for rent 26.55 hectares of land

23:1801.10.2021
0
12133
Turkmenistan will provide the Chinese International Ltd. for rent 26.55 hectares of land

A land with a total area of 26.55 hectares in the Lebap velayat of Turkmenistan will be leased to the Chinese National Oil and Gas Corporation International Ltd (CNPC branch) for the construction of a water supply system for onshore gas fields in the western section of sector B of the Bagtyyarlyk contract area. The corresponding order was signed today by President Gurbanguly Berdimuhamedov, the "Watan" newscast of the Turkmen television reported.

According to the document, on 18 hectares of the allocated land a water intake facility will be built near the Amu Darya, on 8.55 hectares a water supply system and adjacent roads will be laid.

The land is provided for the period of the Production Sharing Agreement.

The Bagtyyarlyk contract area is the largest oil and gas project under the Production Sharing Agreement. The operator of the project is the Chinese CNPC, which is one of the three largest oil and gas companies in the world.

A production sharing agreement for a period of over 30 years was signed on July 17, 2007 between the State Agency for the Management and Use of Hydrocarbon Resources under the President of Turkmenistan and the Chinese National Oil and Gas Corporation.

Five years ago, the State Agency for the Management and Use of Hydrocarbon Resources under the President of Turkmenistan was abolished and its functions were transferred to the State Concerns “Turkmengas” and “Turkmenneft”.

Recall, on August 23, the President of Turkmenistan launched the construction of wells at the Galkynysh field, which will be constructed by the Chinese National Oil and Gas Corporation CNPC. The project will be completed in 2.5 years and will be paid for by delivering natural gas to China within three years.

Comments
To leave a comment, log in or register