German and Turkmen officials discuss oil and gas projects

Jun 23, 1999 02:00 AM

German diplomats travelled to Ashgabat recently to discuss ongoing projects and the possibilities for expanding co-operation.
Oil- and gas-sector projects figured prominently in the discussion.
Germany's Mannesmann is already involved in the effort to overhaul the Turkmenbashi oil-processing plant, working under a $ 165 million contract to construct a new paraffin and lubricant facility at the refinery.
Mannesmann and another German firm, Bentex Drilling and Oilfield Systems GmbH, have also signed contracts worth DM 73.4 million to supply and install equipment at Turkmen oil and gas fields. The two companies are working at the Nebitlije, North Ekerem and Shatut deposits.
Russian media sources also stated that Mannesmann hoped to work with another German firm, Siemens, in the future on projects with the Turkmen state oil company, Turkmenneft. German companies are also interested in building LNG plants in Turkmenistan and carrying out seismic surveys of the Karabogazgol bay, north of the port of Turkmenbashi, the Russian sources said.

Germany is currently Turkmenistan's fifth-largest trading partner, and trade turnover between the two countries amounted to $ 85.1 million last year and $ 15.5 million in the first five months of this year.

Source: NewsBase
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