INTERNATIONAL FORUM ON ATTRACTING FOREIGN INVESTMENT IN THE OIL AND GAS INDUSTRY WAS HELD IN ASHGABAT
On March 29-30, 2022, Ashgabat hosted the International Forum on attracting foreign investment in the oil and gas industry of Turkmenistan, organized by the State Concerns "Turkmengas", "Turkmennebit" and "Turkmenhimiya", the State Corporation "Turkmengeology" in partnership with the ES "Turkmen Forum" with the support British company “GaffneyCline”.
The purpose of this event, held in a hybrid format, is to strengthen the dialogue on the further sustainable development of the energy sector and expand the opportunities for attracting foreign direct investment in the domestic fuel and energy complex.
The Forum was attended by heads and representatives of relevant state institutions of the country, well-known oil and gas business structures, financial institutions, reputable international organizations and diplomatic missions accredited in Turkmenistan, leading experts of companies specializing in this field. In total, the Forum brought together representatives of 90 companies from 32 countries.
At the solemn opening ceremony of the Forum, the participants listened with great attention to the Address of President Serdar Berdimuhamedov to the Forum participants.
During the plenary session, Special Representative of the UN Secretary-General for Central Asia, Head of the UNRCCA Natalia Gherman, Head of the OSCE Center in Ashgabat John MacGregor, UN Resident Coordinator in Turkmenistan Dmitry Shlapachenko, as well as on the digital system - Vice President of CNPC and President of PetroChina Huang Yongzhang, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) Mohammad Sanusi Barkindo, Secretary General of the Energy Charter Guy Lentz.
At the end of the first day of the Forum, the participants spoke in favor of continuing the practice of such events and expressed confidence that constructive multilateral cooperation between states would continue to develop successfully, defining new areas of partnership in this key sector for the long term.
On the second day of the Forum, participants discussed a wide range of issues at such thematic sessions as “Opportunities for investment projects in the era of new energy”, “The role of financial institutions in supporting sustainable energy”, “Innovative technologies and know-how in hydrocarbon production and reduction of associated gas emissions ”, “Experience, potential and prospects of international cooperation in the field of processing and transportation of hydrocarbons”.
Bilateral meetings were also held between representatives of the domestic fuel and energy complex and their foreign partners to discuss and determine specific vectors for further interaction.
At the end of the International Forum on attracting foreign investment in the oil and gas industry of Turkmenistan, the participants adopted an Address to the President of Turkmenistan Serdar Berdimuhamedov.