ARETI shows interest in further cooperation with Turkmenistan
By Nigar Abbasova
ARETI International Group of companies is interested in joining projects implemented in different spheres of Turkmenistan’s economy.
During his meeting with President Gurbanguly Berdimuhamedov, Chairman of the ARETI International Group of Companies Igor Makarov mentioned that ARETI is highly interested in the increase of mutually beneficial contracts concerning different spheres of the Turkmen economy. The sides discussed the opportunities realizing new mutually beneficial joint projects.
Main business areas of ARETI are projects in fuel and energy complex, in particular, offshore mining in Turkmenistan (the Caspian Sea), trading, engineering, real-estate development, and investment to the real economy.
The company was also engaged in the implementation of the Central Asia – Center gas pipeline system project which runs from Turkmenistan via Uzbekistan and Kazakhstan to Russia.
ARETI was created as a result of rebranding of ITERA International Group of Companies which is considered to be Russia’s large independent oil and gas producer. The company is currently consolidates most of the ITERA projects.
The company launched its operations in Turkmenistan in 2009. ARETI is currently involved in the works on the 21 block of Turkmen offshore area of the Caspian Sea. Being established in 1992, the company is also engaged in natural gas deliveries.
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Nigar Abbasova is AzerNews’ staff journalist, follow her on Twitter: @nigyar_abbasova
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