Turkmenistan offers joint energy projects to Saudi Arabia
During the meeting with Saudi Arabia’s Minister of Commerce and
Industry Tawfiq bin Fawzan Al Rabiah, Turkmenistan’s President
Gurbanguly Berdimuhamedov proposed to thoroughly study the
possibilities of implementing joint energy projects, said the
message from Turkmen government.
The parties focused on boosting the cooperation in the fuel and
energy sector.
It was noted that Turkmenistan and Saudi Arabia are ready to
actively develop the cooperation in this sphere.
They expressed interest in implementation of joint project in other
spheres as well. The trade and economic sphere, transportation and
communication, textile and food industry, construction, tourism and
sports were named as the priority areas of cooperation.
Turkmenistan plays one of the key roles on the energy market of the
Caspian Sea region.
The country produces around 70-80 billion cubic meters of gas per
year and exports it to China and Iran.
This is while Russia, the traditional purchaser of Turkmen gas,
suspended its import in 2016.
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