Turkmenistan, China to expand oil & gas co-op

Jun 15, 2016 12:00 AM

Turkmenistan and China have expressed their mutual interest in developing cooperation in the oil and gas sector during a meeting in Ashgabat with Song Tao, minister of the International Liaison Department of the Chinese Communist Party, the Turkmen government said in a message.

Speaking about the diversification of trade and economic cooperation, the sides discussed the use of the Chinese experience in modernization of Turkmenistan's industrial potential.

The Turkmen side expressed support for China's initiatives for construction of the Silk Road Economic Belt, which coincide with the initiatives of Turkmenistan in the transportation and energy fields.

China is the largest foreign trade partner of Turkmenistan. Beijing expects to increase annual purchases of Turkmen gas up to 65 billion cubic meters.

The China National Petroleum Corporation (CNPC) buys gas from the Central Asia region since 2009.

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