Currently, active preparations are ongoing for Turkmen Energy Investment Forum - TEIF 2024, which will be held on 24-25 April in Paris.

The goal of TEIF 2024 is to expand opportunities to attract direct investments in all aspects of oil and gas, energy, construction, transport and communications sectors of the economy of Turkmenistan.

More than 170 international delegates have already registered to participate in the Paris Forum. Among the confirmed high-ranking speakers are Haitham al-Gais - Secretary General of OPEC; Tatiana Molcean - Deputy Secretary General of the United Nations and Executive Secretary of the UNECE; Mark Fitzgerald - Vice President of International Assets and Upstream of PETRONAS; Julien Pouget – Senior Vice President of the Renewable Division of TotalEnergies; Tim Gould - Chief Energy Economist of International Energy Agency (IEA) and many other senior executives from leading international energy, construction and transport companies and financial institutions.

Participation of local companies and foreign investors in the Forum will allow establishing a dialogue between two parties to attract investment into the economy of Turkmenistan, and will also reveal an investment potential of the leading sectors of the Country’s economy. During the event new projects related to production, processing and transportation of oil and gas; projects on renewable energy, energy, construction, transportation and communication sectors of the economy of Turkmenistan will be presented to investors.

The Gold Partner of the upcoming Turkmen Energy Investment Forum 2024 is PETRONAS. PETRONAS represents its partnership through its subsidiary - PETRONAS Carigali (Turkmenistan) Sdn Bhd or PC(T)SB.

PC(T)SB began its operations in the hydrocarbon sector more than two decades ago upon signing the Production Sharing Contract (PSC) for Block 1 Contract Area in 1996. With the start of commercial oil production in 2009 from Diyarbekir field and natural gas production in 2011 from Magtymguly field, PC(T)SB has established itself as one of the largest oil and condensate producer and supplier of natural gas in Turkmenistan.

By delivering high quality work, PC(T)SB contributes to development of Turkmenistan's society through implementation of its social and corporate responsibility programs such as PETRONAS Uplifting Lives, PETRONAS Planting Tomorrow and PETRONAS Powering Knowledge. PETRONAS is committed to building positive alliances with communities in which it operates, protecting and enhancing the well-being of employees, partners and communities in line with the UN Sustainable Development Goals.

PETRONAS is a dynamically developing, international Energy Group with a presence in more than 100 countries, producing and delivering energy and solutions that advance society, realizing energy potential around the world and optimizing value through its integrated business model. PETRONAS includes ecologically clean conventional and renewable resources and a ready range of advanced products and adaptive solutions. The Company’s activities are based on sustainable development as it uses energy benefits to improve and enrich people's lives.

In addition to its prudent approach to operations in accordance with industry requirements, PC(T)SB celebrated the 1,000th oil lifting, which demonstrates PETRONAS long-term presence in Turkmenistan and its commitment to ensuring the country's energy security.

People, human capital are the main strength of PETRONAS and the main partner for growth of the Company, which moves rapidly and innovatively, to ensure energy sustainability and a better future!

In line with Turkmenistan's goal of reducing carbon emissions by 2030, PETRONAS continues to support the country's commitment to combat climate change by implementing low-carbon and climate-resilient solutions, complementing the Company's commitment to achieving Net Zero Carbon Emissions by 2050. In addition, the Company actively supports Turkmenistan goals to develop and diversify the Country's energy portfolio and to meet international energy demand.