Berdimuhamedov and Makarov discus development of the Caspian shelf

Berdimuhamedov and Makarov discus development of the Caspian shelf

Today, President of Turkmenistan Gurbanguly Berdimuhamedov met with Igor Makarov, the Head of ARETI International Group of Companies (with the central office in Geneva, Switzerland), who, since last August, is appointed as an expert under the Advisor of the Turkmen President on oil and gas issues.

The head of state and businessman have discussed the prospects for developing oil and gas resources of the Turkmen sector of the Caspian Sea. Last March, the Turkmenneft State Concern and the ARETI Group of Companies signed a Memorandum on development of the Uzynada field on the Caspian shelf. Then, following the signing, Makarov told reporters that the group of companies he heads is going to participate in the development of this field by providing services.

After the current meeting with the head of state, in an interview with the ORIENT, the businessman noted that he reported to the president on the works of the company carried out to increase sales of Turkmen gas, oil and oil products in foreign markets, as well as to intensify work on the Turkmen shelf.

Berdimuhamedov and Makarov also discussed cooperation in the field of sports, including the issues of holding the 2021 Track Cycling World Championships and 2026 World Road Cycling Championships, which will be held in Turkmenistan.

It is worth to note that recently the interest of regional and international businesses in the oil and gas resources of the Caspian Sea, and, in particular, the Turkmen sector of the sea has significantly increased.

Just two weeks ago, Vagit Alekperov, the head of the Russian oil and gas LUKOIL, visited Ashgabat to discuss the same issue. Then, following the results of talks between President of Turkmenistan and the head of LUKOIL, Alekperov said that LUKOIL has strategic interests in Turkmenistan, which has significant hydrocarbon reserves, the Russian company said in a press release.

In addition, Russian media reported earlier that LUKOIL is showing interest in three Caspian fields in the Russian sector of the Caspian Sea.