Turkmenistan Economic News
Turkmen-Austrian Commission Meets in Vienna
The Turkmen-Austrian commission held its sixth meeting in Vienna. Representatives from Turkmenistan’s and Austria’s government and business circles attended the meeting. The Head of the Department of Foreign Economic Policy and European Integration of the Federal Ministry of Economy, Family, and Youth, Bernadette Gierlinger, led the Austrian delegation, which also included senior staff of the Department of the Federal Chancellor, Austrian Federal Economic Chamber, Austrian companies’ advisers, experts and scholars, economists, and representatives of universities. Participants discussed cooperation in the energy sector, humanitarian sphere, healthcare and medical industry, standardization and demographic assessment, financial and technical spheres, and processing of agricultural products.
Source: Turkmenistan.ru Dragon Oil Increases Average Daily Oil Production in Turkmen Section of Caspian Sea
Dragon Oil (United Arab Emirates, Great Britain), which conducts its main work in the Turkmen section of the Caspian Sea, increased its average daily oil production by 7 percent in the first three quarters of 2013, the company said. According to the report, the average daily oil production amounted to 74,300 barrels during the reporting period, while production amounted to 69,600 barrels per day in 2012.
Source: trend.az British Company to Build Gas Dehydration Plant at Bagtyyarlyk Field
State Concern Turkmengaz will sign a contract with Petro Gas LLP company (United Kingdom) for the design and construction of a gas dehydration plant at Bagtyyarlyk field. President of Turkmenistan Gurbanguly Berdymukhamedov signed a resolution to this effect “with the view of increasing the volume of production of natural gas and its export to foreign countries.” According to the resolution, construction works are to begin in November 2013 and to be completed in April 2015. Gas extracted from the Contract Area Bagtyyarlyk is supplied to China.
Source: Turkmenistan.ru Streets of Ashgabat to Undergo Modernization
The streets of Ashgabat will be modernized “with the view of further developing the road infrastructure and improving the architectural and urban appearance of the capital city,” according to a presidential decree. The Ashgabat city administration will conclude a contract with Turkish company NataInşaat Turizm Taşymajylyk Tijaret we SanaýiA.Ş. to modernize the capital's streets with a total length of 59.14 km. Construction is to begin in November 2013 and to be completed in December 2016.
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