PETRONAS is the Bronze Sponsor for Oil & Gas of Turkmenistan - 2021 International Investment Forum

PETRONAS is the Bronze Sponsor for Oil & Gas of Turkmenistan - 2021 International Investment Forum

The Oil & Gas of Turkmenistan (OGT) - 2021 International Investment Forum is set to take place from 12 – 13 May 2021 in Ashgabat, in conjunction with Turkmenistan’s 30th anniversary of Independence.

The OGT 2021 International Investment Forum is organized by the State Concerns "Turkmengaz" and "Turkmennebit", State Corporation "Turkmengeology", as well as the Ministry of Finance and Economy of Turkmenistan in partnership with Turkmen Forum.

The Organizing Committee is proud to announce that PETRONAS Carigali (Turkmenistan) Sdn. Bhd. (PC(T)SB), a subsidiary of PETRONAS is a Bronze Sponsor of the Forum.

The event will bring together leading international experts and global players in the gas market for knowledge transfer while developing and strengthening international partnerships among Turkmen state organisations and international oil & gas companies.

The event will feature discussions on global and regional trends in the development of the fuel and energy sector as well as the implementation of regional projects in this area. There will be also special topics on attracting investment into the Turkmen sector of the Caspian Sea and prospects for gas chemical projects.

Among the participants are representatives from international organizations and institutions, heads and experts of leading oil & gas companies such as PETRONAS, Dragon Oil PLC, China National Petroleum Corporation (CNPС), Hyundai Engineering, Shell, Gaffney, Cline & Associates (GaffneyCline), NAPECO, Vitol and the State Oil Company of the Azerbaijan Republic (SOCAR) as well as leading experts from major financial institutions.

PETRONAS is a global energy and solutions company, ranked amongst the largest corporations on Fortune Global 500®. The Company is vested with ownership of Malaysia’s oil and gas resources and is entrusted with the responsibility of developing and adding value to these resources.

It seeks opportunities in energy investments both in hydrocarbon and renewables across the globe and maximize value through its integrated business model. Its portfolio includes conventional and unconventional resources as well as a diverse range of fuel lubricant, and petrochemical products. This is further strengthened with a successful product delivery track record. Its customers are at the heart of everything that it does and its businesses are anchored on meeting their needs.

Its technology is its differentiator and the key to ensuring excellence in all that it offers – energy, products and solutions, as well as unlocking new business frontiers. Sustainability is at the core of everything that it does, as it believes in harnessing the good in energy to add quality to everyday lives. People are its strength and partners for growth. PETRONAS believes in progressing with its partners in addressing the evolving needs in today’s changing energy landscape.

PC(T)SB began its operations in the hydrocarbon sector more than two decades ago upon signing of the Production Sharing Contract relating to Block 1, Contract Area, Offshore Turkmenistan. With the start of commercial crude oil production in 2009 from Diyarbekir field and natural gas production in 2011 from Magtymguly field, PC(T)SB has established itself as one of the largest oil and gas producer and supplier of natural gas in Turkmenistan.

In line with PETRONAS’ commitment to contribute to the communities where it operates, PC(T)SB places great importance on education, talent development and capability building. Through the PETRONAS Education Sponsorship Programme, to-date, the company has sponsored 162 students from Turkmenistan. Currently, 640 staff employed at PC(T)SB are host country nationals.

In addition, a Memorandum of Understanding (MoU) was signed in 2013 between Turkmenistan’s International Oil and Gas University and Universiti Teknologi PETRONAS (UTP), a leading private university in Malaysia and wholly-owned by PETRONAS. This MoU is aimed to establish an exchange of experience in educational and research activities in the oil and gas sector.