On Monday, the Hyatt Regency Dubai Creek Heights hotel brought together representatives of the world’s largest oil and gas companies, important players in the global hydrocarbon market. Here, within the framework of the Oil and Gas of Turkmenistan road show, a conference was held on the TAPI (Turkmenistan-Afghanistan-Pakistan-India) gas pipeline project and a meeting on the investment prospects of the country’s oil and gas industry, which is conducting a large-scale presentation of its energy potential in the UAE.
More than 200 delegates represent more than a hundred companies, concerns and corporations expressing interest in cooperating with Turkmenistan as the largest exporter of natural gas in Central Asia. The co-organizer of the event, in collaboration with government agencies in the oil and gas sector, was the British Gaffney, Cline & Associates, a leading global energy auditor and consultant on project financing and asset valuation in this area.
At the forum, the adviser to the President of Turkmenistan on oil and gas issues Yagshigeldy Kakaev drew the attention of potential investors to the benefits and opportunities for interaction, voicing information about implemented, ongoing and planned major industry projects.
Sayed Al Thayer, Chairman of the Board of Directors of Dragon Oil, emphasized the productivity of cooperation between the UAE and Turkmenistan in the oil and gas sector, expressing hope for a long-term partnership.
The Acting Minister of Industry and Trade of Afghanistan, Ajmal Ahmadi, dedicated his speech to the importance of the TAPI gas pipeline for the economic development of Afghanistan, noting the willingness of the IRA government to fulfill its obligations to implement the project.
Delegates could learn in detail about the construction progress, economic and political impact, advantages and features of the TAPI gas pipeline from the presentation of Muhammetmyrat Amanov, Executive Director of TAPI Pipeline Company Limited, which provided statistics on TAPI in various aspects.
The statistics were presented in a presentation made by the Chairman of the State Bank for Foreign Economic Affairs of Turkmenistan Rakhimberdy Dzheparov.
The head of the British-Turkmen Business Council, Ronald Nash, who moderated the plenary session, noted that Turkmenistan uses its significant human and natural resources to promote peace, stability and prosperity in the region and beyond.
In his opinion, Afghanistan is a good example of this. While global news bulletins are replenished with reports of various political attempts to resolve the conflict, Turkmenistan is making a lot of practical efforts to support its southern neighbour, including from an economic point of view – here the TAPI pipeline is an example of such a project, not to mention supplying Afghanistan with electricity at reduced prices. implementation of infrastructure and transport projects (Lazurite corridor, etc.). All this contributes to the entry of Afghan products into European markets. Plus – the laid fiber-optic line from Turkmenistan through Afghanistan to Pakistan, and, of course, humanitarian aid.
The TAPI pipeline will give Afghanistan vital revenue from transit fees, as well as access to natural gas, making a big contribution to Afghanistan’s stable and prosperous future, a country that has been in conflict for decades.
The working sessions of the first day of the international road show were devoted to the prospects for the development of the gas-chemical and oil refining industries of Turkmenistan, industrialization, as well as the development of offshore blocks of the Turkmen shelf of the Caspian Sea and attracting investment.
Presentations were made by the leaders and leading experts of the oil and gas sector of Turkmenistan and foreign companies, including Gas Strategies, Haldor Topsoe, China National Oil and Gas Exploration and Development Corporation, Dragon Oil, WOOD, Gaffney, Cline & Associates.
At the end of the day, meetings were organized between delegates of such companies as Siemens LLC, BP, SOCAR AQS, Baker Huges, Technip FMC and others with the leaders of the oil and gas industry of Turkmenistan. On Tuesday, February 25, the forum and bilateral negotiations will continue.
The current road show in Dubai is designed to become a good platform for obtaining first-hand information about the investment opportunities of the oil and gas sector of Turkmenistan.
The next OGT 2020 event will be held in London in early July, immediately followed by the 25th anniversary conference of OGT in Turkmenistan, which will be held October 28-29, 2020 in Ashgabat.