Ashgabat, October 24 (BelTA-TDH) – On October 26-28, 2022, the 27th International Conference and Exhibition “Petroleum in Turkmenistan” (OGT-2022) will be held in Shgabat, Afghanistan . The conference was organized by the state-owned enterprises “Turkmengaz“, “Turkmennebit” and the Turkmenistan Chamber of Commerce and Industry in collaboration with the Turkmen Forum and the British company GaffneyCline.
The purpose of the conference and exhibition is to strengthen regional dialogue on sustainable energy sector development, consider the latest trends in the global regional energy system, and expand direct investment opportunities. foreign investment in the oil and gas sector of Turkmenistan. A new type of event this year is Expo, which runs parallel to the conference and showcases the best of the national and global oil and gas industry, as well as new ideas and features that fit the agenda. the present day. New elements were introduced at this year’s Expo to highlight the importance of strengthening cooperation between the IOC and NOC, as well as their increasingly important role in strengthening the partnership. mutually beneficial.
Participation and business meetings within the framework of this conference and exhibition will be a good platform to establish business relationships and raise awareness of potential partners about new investment projects. into the fuel chemistry complex of Turkmenistan.
The meeting agenda will consider the following issues:
- The future of energy: challenges and opportunities;
- Opportunities for foreign and domestic investment in Turkmenistan’s oil and gas industry;
- Energy in the new era: national and regional development perspectives;
- Environmental aspects of carbon processing;
- Advanced technology and science and education in the field of oil and gas;
Turkmenistan is a major player in the global energy market.
The country is one of the countries with large oil and gas reserves and is one of the leading energy countries in the world. Turkmenistan has the third largest natural gas reserves in the world after Russia, Iran and Qatar. Turkmenistan’s mineral wealth has been unilaterally confirmed by international audits of the Galkynysh, Yashlar and Garakel gas fields, which have approximately 27.4 trillion gas resources. cubic meters.
Most of Turkmenistan’s gas supply to the People’s Republic of China is carried out through the three lines (A, B and C) of the “Turkmenistan-Uzbekistan-Kazakhstan-China” international gas pipeline. In addition, it is transported through the Islamic Republic of Iran to the Russian Federation in the north and to the Republic of Azerbaijan in the south.
The Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project is under construction. Despite the consequences of the COVID-19 pandemic and changes in the world market, TAPI countries continue to support the implementation of the Turkmenistan-Afghanistan-Pakistan-India gas pipeline project. The 1,853 km pipeline will transport 33 BCMA gas from the Galkynysh field in Turkmenistan to three receiving points in Afghanistan, three receiving points in Pakistan and a final receiving point at the Pakistan-India border to serve the Indian market. Degree. Currently, the direct section of the Turkmen section of the TAPI natural gas pipeline is in operation.
Turkmenistan is very important for attracting foreign direct investment.
Currently, a number of foreign companies such as “Dragon Oil (Turkmenistan) Ltd“, “Eni Turkmenistan Limited“, “PETRONAS”, “CNPC” produce hydrocarbons at home and abroad under closed production sharing agreements. The Balkan Coast and the Caspian Sea of Turkmenistan. This year’s conference will be devoted to attracting investment in the development of hydrocarbon resources in onshore and offshore blocks in the Caspian Sea region of Turkmenistan.
An important step in the cooperation between Turkmenistan and Azerbaijan was the signing of a memorandum of understanding between the governments of Azerbaijan and Turkmenistan on joint exploration and development of hydrocarbon deposits at the Dostluk field in the Caspian Sea. The successful joint development of these fields will increase the export potential of oil and gas in the Caspian Sea region.
In addition to exporting natural gas through pipelines, Turkmenistan is currently focusing on deep development of natural gas. In recent years several gas-chemical complexes have been developed and in the future several more complexes are planned to produce value-added products which are in demand in the market. world school.
After a two-year hiatus, OGT 2022 will host a delegation in Ashgabat.
A charter flight from Dubai to Ashgabat will be organized for the international delegation. Meetings are also held online using the Zoom platform. Office meetings with the top leadership of Turkmenistan’s oil and gas sector are also held in person and online.
Senior managers and representatives of state organizations of Turkmenistan and major international oil and gas companies, as well as major international financial institutions, will participate in the conference and exhibition.