Azernews.Az

Turkmen President Kurbanguly Berdymukhamedov met with United Arab Emirates Energy Minister Mohammed bin Dhaen al-Hamli, the national TV channel Altin Asir reported on Wednesday.

The parties discussed prospects of cooperation in energy field.

According to the report, the UAE energy minister confirmed aspiration of leading UAE companies to long term partnership with Turkmenistan and participation in a new promising project in the oil and gas field.

The Turkmen leader said at the meeting that by implementing the strategy of modernisation and complex development of a national fuel-energy complex, Turkmenistan is oriented towards involvement of innovative technologies in the extraction and processing of hydrocarbon raw material and formation of appropriate modern infrastructure.

According to Bedimuhamedow, there is a favorable background for the development of cooperation. Participation of the UAE in the implementation of the project on the industrial development of the huge Galkhinish gas field can be given as an example.

At this stage, UAE companies are mostly involved in the oil and gas field. Dragon Oil is working within the production and distribution agreement in the Turkmen sector of the Caspian Sea.

Petrofac has signed a major contract on maintenance services on the development of Galkinish, the largest gas field in the Mari province.

Both countries are cooperating in the fields of investments, town planning and trade. The projects in the field of communication are being developed. Emirates Telecommunications Corporation (Etisalat), one of the world's major mobile operators with over 100 million phone subscribers, is particularly considering the local market.