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The Emirates company Dragon Oil intends to invest at least 8 billion USD in projects in Turkmenistan in the next 15 years. Ahmed bin Saeed Al Maktoum, Deputy Chairman of the Executive Council of Dubai, stated this while speaking at the International Forum on Attracting Foreign Investments in the Oil and Gas Industry of Turkmenistan, which began its work today in Dubai, reports the “Nebit-Gaz” electronic newspaper.
The report notes that for more than 20 years of joint work, the Emirati company has invested more than 8 billion US dollars in projects to develop oil fields in Turkmenistan, and is ready to invest at least the same amount in the next 15 years.
Al Maktoum called the transformation of the energy sector and support for the initiative of the Government of Turkmenistan in the transition to renewable energy sources one of the areas where Arab business can be most active, - the source notes.