The head of “Lukoil” presented Berdimuhamedov with proposals to promote new projects in the Caspian

The head of “Lukoil” presented Berdimuhamedov with proposals to promote new projects in the Caspian

Today, President of Turkmenistan Gurbanguly Berdimuhamedov met for the second time in the past two months with the head of the Russian oil company Lukoil Vagit Alekperov, who arrived in Ashgabat on a working visit.

According to the State News Agency, during the meeting, an exchange of views took place on topical directions and prospects of bilateral partnership, broad preconditions for the development of which are determined by the comprehensive energy strategy being implemented by Turkmenistan. Among its priority vectors are the stimulation of investment activity, the implementation of large infrastructure projects with foreign partners, and the diversification of routes for the export of Turkmen energy resources to the world market.

The subject of a thorough discussion was the development of hydrocarbon resources of the Caspian region, where the key factor is the establishment of coordinated international cooperation based on legal norms and respect for each other's interests.

Having noted with satisfaction the fruitfulness of the long-standing partnership with the “Lukoil” Public Joint Stock Company, the head of state emphasized Turkmenistan's interest in introducing innovative environmentally friendly technologies and the best achievements of scientific and technological progress in the industry, where the largest Russian company has a positive experience.

Expressing deep gratitude to the leader of the nation for the trust and reaffirming the intention of the Russian partners to take an active part in the large-scale sectoral programs being implemented in Turkmenistan, Vagit Alekperov briefed President Gurbanguly Berdimuhamedov with the current activities of Lukoil PJSC and prepared proposals for promoting new joint projects in the Caspian Sea ... Details were not provided.

Meanwhile, it was previously reported that new opportunities for fruitful partnership are opened by the Memorandum of Understanding signed on January 21 of this year in Ashgabat between the Governments of Turkmenistan and the Republic of Azerbaijan on joint exploration, development and development of hydrocarbon resources of the “Dostluk” field in the Caspian Sea, the reserves of which, according to specialists are estimated at 50 million tons of oil. Earlier it was called “Serdar” from the Turkmen side, and “Kapaz” from the Azerbaijani side.

In July this year, the preparation of the Agreement on the joint use of hydrocarbon resources of the Dostluk field was discussed by the participants of the joint Turkmen-Azerbaijani working group during a two-day meeting in Ashgabat.

Earlier it was also noted that for the implementation of this project an agreement was reached on attracting “Lukoil“ as a contractor and investor.

The head of the Public Joint Stock Company (PJSC) “Lukoil” assured that the company he heads will continue to take a responsible approach to fulfilling its obligations.

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