Turkmenistan hosts X International Gas congress

Published in World
Wednesday, 22 May 2019 16:50

X Turkmenistan International Gas Congress (TGC 2019) has started work in Avaza National tourist zone. Big specialized forum, which is to give new impulse to international cooperation in energy sphere, was organized by the State Concern Türkmengaz.

For many years, the Congress serves as a platform for discussion of the conditions and perspectives of development of the world gas industry. High status and prestige of this major event is fully indicated by current anniversary forum of the TGC 2019, which has brought together around 450 delegates from 30 countries including from European Union, USA, UAE, Japan, China, the Republic of Korea, Turkey, India, Afghanistan, Pakistan, CIS and other countries. It includes top managers of big petroleum, service and consulting companies, representatives of profile ministries and departments, competent international organizations and financial structures, diplomatic and scientific circles as well as mass media.

The opening ceremony of the forum took place in fashionable Berkarar Hotel in the morning. Gas – Fuel of Future was the theme of plenary session, under which representatives of structural divisions of fuel and energy complex of Turkemnistan introduced potential partners with key directions of energy strategy and perspective plans of development of gas industry of the country.

As is known, Turkmenistan holds the fourth position in the world by gas reserves, which are estimated by more than 50 trillion cubic meters. According to the data, which are published annually in the OPEC statistic reports, our country is on the third place by gas production volumes in Europe and CIS.

Having significant energy potential, Turkmenistan implements large-scale projects for establishment of multidimensional export infrastructure of its energy carriers. This is visually indicated by transnational gas line Turkmenistan – China, which embodied the implementation of the idea of restoration of the Silk Route that used to connect the peoples of Europe and Asia for thousands of years.

Construction of Turkmenistan – Afghanistan – Pakistan – India gas line (TAPI) is another strategic important initiative. President Gurbanguly Berdimuhamedov highlights that new energy route, which will provide long-tterm supply of natural gas to the largest countries of Southeast Asia, will give strong impulse to economic development of the region, will support the solution of social and humanitarian issues and the strengthening of peace and stability.

The participants of the session were presented with the information on the course of industrial development of the biggest land super gigantic gas deposit Galkynysh, which territory is more than 4,000 square kilometres.

According to the data received from geological surveys including by 2-D and 3-D seismic, average production capacity of carbonate column is more than 500 meters with 84.5 percent ratio of gas saturation. At present moment, operation fund of the field has more than 40 wells, which debit is two million cubic meters of gas per day in average.

At the same time, there is high opportunity that the field goes beyond the borders of existing territory in northwest and southeast directions. After additional information, the capacity of gas reserves of Galkynysh Field can be re-estimated higher.

Complex of facilities for production of 30 billion cubic meters of ale gas per year has been commissioned at the field. Similar complexes with the same production capacity, which will feed the TAPI gas line, are under construction.

In addition, new trends in the world gas industry and various aspects of development of sustainable energy sphere in Asia have been discussed at the plenary session. Regional Director of British Gaffney, Cline & Associates Petroleum Company John Gaffney and the UN Permanent Coordinator in Turkmenistan Elena Panova made reports on this subject.

According to the Forecast of Development of the World Economy until 2040 from British Petroleum Corporation (BP World energy Outlook, 2019), the world demand on natural gas will grow steadily. Power energy, construction, transport, petrochemical industry and other industrial spheres will be drive engines of this growth.

At the same time, high rates of gas consumption are expected in in the next 20 years in China, India and other Asian countries. Production of liquefied gas, wind and solar energy will also receive an active development. Environmental policy pursued by many world countries, transit to use of eco-friendly energy, to which President Gurbanguly Berdimuhamedov orients scientific and technical potential of Turkmenistan, are the main factors in this area.

Addressing the participants of the Congress, the UN Permanent Coordinator in Turkmenistan highlighted that the United Nations considers such major meetings as an opportunity to appeal to national world partners and to remind that the development can be sustainable only in combination with the ecology.

Having initiated to call for the Summit on the Measures for Climate Change in September 2019, the UN Secretary General Antonio Guterres called this programme as the main issue of our time and its solution as the turning point is the history.

Having noted that the implementation of the Paris Treaty, practice of successful projects in the sphere of low-carbon development, mitigation of impacts and adaptation to the climate change on local levels, Mrs Panova expressed the confidence that Turkmenistan has something to present to the world community both in ecological as well as in sustainable development sphere.

In her speech, the UN Representative has also highlighted the subjects of interstate cooperation in energy sphere. The TAPI project is the best example of the fact that Turkmenistan uses its hydrocarbon reserves for peace and stable development of neighbouring regions, Mrs Panova said, having highlighted that the pipelines unite the countries and bring stability to regions they run across. It makes positive effect on entire nations, which life becomes better due to oil, gas and power energy, which was repeatedly mentioned by Turkmen leader from high tribunes of competent international organizations and forums.

This subject was continued in the next session of the Forum named TAPI: Pipeline of peace and stability where detailed information about the work made by the participants of this major project, its financing, etc. has been presented.

In particular, it is planned to accomplish the construction of Turkmen section of energy line. According to completed information, the length of 33 billion cubic meters per year gas line will be 1,840 kilometres including 205 kilometres on the territory of Turkmenistan. At present time, preparation to construction of the pipeline in Afghanistan and Pakistan is carried out.

Representative of the Consortium TAPI Pipeline Company Limited, Staate Bank of Foreign Economic Affairs of Turkmenistan, Islamic Corporation for Investment Insurance and Export Crediting, Allen & Overy LLP, Credit Suisse, Bilfinger Tebodin Middle East Ltd have mentioned the progress achieved in the promotion of the TAPI project in their speech.

As it is highlighted by President Gurbanguly Berdimuhamedov, the construction of the TAPI pipeline is very important in the context of peaceful restoration of Afghanistan, its social and economic infrastructure, solution of such urgent issues as creation of new work places, which in its turn will support the improvement of life level of the population. This idea of Turkmen leader runs as a red line across all reports of the spokesmen at the session TAPI: Pipeline of Peace and Stability. It is also important that in addition to certain volumes of gas, Afghanistan will receive significant commercial benefit for transit of Turkmen energy carriers across its territory.

In general, the first phase of the project is planned to be accomplished in 2020. The second phase provides the construction of compressor stations along the pipeline, which will increase its throughput capacity.

The TAPI is a grandiose project for entire region, Special Assistant of the Prime Ministers of Pakistan on Oil Nadim Baber highlighted, having noted that in the beginning of the year, Turkmenistan and Pakistan have signed several documents including the General Terms of the Agreement with the Government of receiving state between the Government of Pakistan and TAPI Pipeline Company Limited Joint stock Venture. There is not much left until we would be able to start practical implementation of the project, Nadim Baber said.

In the afternoon, the work of the Forum was continued by the session Pipeline Projects: Key Elements of Energy Security and Stability. Heads and leading specialists of Scientific and Research Institute of Natural Gas of the State Türkmengaz Concern, GazpromVNIIGAZ Open Joint Stock Venture, Oxford Institute of Energy Studies, Argus Media international information and analytical agency and other made reports at the session.

It was mentioned that issues of development of the world energy industry and creation of favourable investment climate for the implementation of the projects in this strategic section are closely connected with the problem of provision of reliability and protection of international supplies of energy carriers. First of all, this is related to the transportation of natural gas as delivery of this fuel to the world markets is carried out by pipelines.

In this context, constructive character of the initiatives of the President of Turkmenistan aimed at the formation of new global architecture of energy security, which is an important factor of stable development of the states, universal peace and stability, has been highlighted. The Resolutions on Reliable and stable transit of energy carriers and its role in provision of sustainable development and international cooperation, which were adopted twice by the UN general Assembly, visually indicate the appropriateness of these proposals in the view of modern realities.

Deputy Director of the Economics and Technology Research Institute of Chinese National Petroleum Corporation Liu Chaoquan presented natural gas market review in China.

It was mentioned that consumption of natural including liquefied gas is growing fast in the People’s Republic of China. According to the BP forecast, the demand on gas in China will grow more than twice in the next 20 years. At present time, gas supplies to the PRC by pipelines make around 40 percent from total volume of gas import. In this context, the supplies of natural gas from Turkmenistan are very important for provision of energy security of China.

As is known, the Central Asia – China pipeline includes three parallel lines (A, B and C) of 1,830 kilometres each. It is connected with 10,000 kilometres West – East gas line at the territory of the PRC. At present time, gas from Central Asia is supplied to 25 provinces, autonomous regions, large cities and special administration district of Hong Kong.

More than 263 billion cubic meters of gas have been exported to China from Central Asia from the moment of putting the pipeline into operation in December 2019. At the same time, Turkmenistan provides more than 80 percent of gas supplies.

In addition, technical aspects of construction of export gas line in Caspian Sea have been discussed during the session. Nowadays, when everything is clear with the legal status of Caspian Sea, this subject became actual again. At present time, Turkmenistan reviews the capability of gas supplies in western directions to Europe. At the same time, there are technical capabilities of gas export to Iran. Supplies of gas to Russia by Central Asia – Centre pipeline according to the short-term contract with Gazprom have been resumed. Middle-term contract for five years is under negotiation at present time.

Therefore, attraction of big investments and modern technologies for development of hydrocarbon resources and implementation of joint international projects in this sphere are important conditions and the main factor of perspective and intensive development of oil and gas industry of Turkmenistan and the country has all conditions for this.

The first day of the Forum was completed with the session on the theme Monetization of gas: The way to diversification and growth. The spokesmen mentioned that Turkmenistan carries out large-scale work for opening of new facilities for oil refining and gas processing producing various petrochemical goods required both in local and foreign markets.

For example, Garabogazkarbamid Plant with production capacity of 1,155,000 tons of carbamide fertilizers has been put into operation in Caspian Region last year. The main part of the production of the facility is going for export.

Polymeric plant has been opened in Kiyanly settlement. This super modern petrochemical complex has been built by the work order of the State Concern Türkmengaz by LG International Corporation and Hyundai Engineering (The Republic of Korea) with the participation of TOYO Engineering Corporation (Japan). Production facilities of the plant are able to process 5 billion cubic meters of gas per year and to produce 386,000 tons of high-density polyethylene and 81,000 tons of polypropylene.

President of Turkmenistan Gurbanguly Berdimuhamedov and President of the Republic of Korea Moon Jae-in paid great attention to this project at the high-level meeting in April this year. Significant package of documents including on cooperation in energy sphere has been signed by the outcomes of the talks in Ashgabat.

For example, the agreement on the establishment of joint venture for sale of production of Kiyanly petrochemical complex in the world including Asian markets has been reached between NaPeCo National Petroleum Corporation and LG Intenrational.

In addition, the Ministry of Textile Industry of Turkmenistan and Korean Institute of Industrial Technologies will study the capability of production of textile synthetic fibre from the polymers produced by the plant in Kiyanly. Therefore, full chain from production and processing of raw material to making and sale of commodities with high added value will be made in gas industry.

At present time, synthetic gasoline production plant is under completion in Kiyanly. Provided with latest equipment, the facility will process 1,782,000,000 cubic meters of natural gas and produce 600,000 tons of Euro 5 standard A92 gasoline as well as diesel fuel and liquefied gas per year.

According to the Programme of social and economic development of the country in 2019 – 2025, the diversification of oil and gas industry will be continued. Construction of new petrochemical complexes for production of synthetic gasoline, rubber and polystyrene, methyldyethanolamine, polyvinyl acetate and other polymers are among the projects to be implemented.

High growth rates of national economy, large-scale programmes for development of industrial complex, import substitution and improvement of export potential of the country open wide opportunities for further development of beneficial cooperation with foreign business circles, the participants highlighted.

It is worth mentioning that reports of representatives of number of the world companies such as Shell Global Solution International B.V., Hyundai Engineering, Haldor Topsoe, Exxon Mobil Corporation and other have been presented on the first day of work of the Congress.

The participants of the forum had an opportunity to visit polymeric plant in Kiyanly, production facilities of PETRONAS Carigali (Turkmenistan) and Turkmenbashy International Port.

X International Gas Congress will continue its work on the next day. Bilateral meetings between top managers of oil and gas complex of Turkmenistan and foreign partners will take place under the forum.

 

The state news agency of Turkmenistan 

ASHGABAT AND BUDAPEST ARE DETERMINED TO ACTIVATE COOPERATION IN DIFFERENT SPHERES

Published in World
Tuesday, 21 May 2019 12:20

On the 20th of May 2019, the Minister of Foreign Affairs and Trade of Hungary Peter Szijjarto arrived to Ashgabat on a working visit.  During the visit, the meeting of the Minister of Foreign Affairs of Turkmenistan R.Meredov with his Hungarian counterpart was held in the MFA of Turkmenistan.  

During the talks, the parties discussed multilateral and regional cooperation of Turkmenistan and Hungary in the framework of reputable international organizations.  Also, an exchange of views held place on a wide range of issues pertaining to the development of bilateral ties in political, trade-economic and cultural-humanitarian spheres.

The necessity of holding the next session of Joint Intergovernmental Commission on Economic Cooperation and Business Forum of Turkmenistan in Hungary in the end of current year was stressed.  The parties also considered the issues of water management in the Central Asian countries and the situation in Afghanistan.

Upon completion of the negotiations, the signing ceremony of Memorandum of Understanding in the field of sports between the Ministry of Sport and Youth Policy of Turkmenistan and the Ministry of Human Capacities of Hungary was held.

Press release on the occasion of the election of Turkmenistan to the structures of the UN Economic and Social Council (ECOSOС)

Published in World
Saturday, 11 May 2019 11:31

On the 7th of May 2019, during the work of Organizational session of the United Nations Economic and Social Council, Turkmenistan was elected to its three important bodies: Executive Council of the World Food Programme for the period of 2020-2022, Commission on Population and Development for the period of 2020-2024 and Commission on Narcotic Drugs for the period of 2020-2023.   

The election of our country to these structures became one more proof of growing reputation of Turkmenistan in the world, recognition of its major role in the resolution of most contemporary issues of present day global development.    

A significant vector of international activity of Turkmenistan is the provision of food safety and nutritional development on the national, regional and world-wide levels.  In this regard, our country proposed an initiative to gather the High-Level Food Forum under the auspices of the UN.  The meaning of the proposed initiative is based on the notion that such Forum will give effective impulse to the international partnership in the area of global nutrition and thus will assist attaining concrete future resolutions on the UN level in this direction. 

As to the contribution of Turkmenistan in the resolution of population related issues, it is worthwhile to note the implementation in the country of various important programs in the area of reproductive health, countrywide and regional projects aimed at provision of most convenient conditions for applying the demographic policy, protection of mother and child.   

Turkmenistan will continue uncompromised struggle against the narcotics.  Practical actions are realized in our country aimed at combatting illegal drug trafficking and in this regard national programs are successfully implemented.  The membership of Turkmenistan in the Commission on Narcotic Drugs opens new perspectives for cooperation for efficient response to this global challenge.       

The election of Turkmenistan to these three important bodies of the United Nations Economic and Social Council serves as a vivid proof of rightness  and rationality of the course selected by our country aimed at wide international cooperation in the resolution of actual problems of modern world, suitability of our policy with the security protection, progress and sustainable development.

Altyn Asyr Lake – new opportunities for the region

Published in World
Wednesday, 08 May 2019 16:41

On the 8th of May 2019, a briefing was held in the framework of the events dedicated to the foundation laying of the new, social-production complex in Serdar province of the Balkan region.  This event was organized with the aim of informing the larger community about the Turkmen Lake “Altyn Asyr,” including its significance in the sphere of environment protection and development of social-economic system of Turkmenistan and the region in general.   

The high-level foreign guests, heads and representatives of the diplomatic corps accredited in Turkmenistan, international organizations and programs, international experts, as well as the representatives of national and foreign mass media took part in the briefing. 

The authorized representatives of UN agencies and OSCE gave speeches during the briefing where they specifically noted the significance and scale of the man-made Turkmen Lake “Altyn Asyr” that is being constructed in the heart of the Karakum valley.     

Then the Scientific-practical conference was held dedicated to the importance of Turkmen Lake which is a grand hydro-technical project aimed at the amelioration of environment, including the rational use of water and land resources.  The key officials of Turkmen higher educational institutions, scholars, experts, as well as the representatives of national mass media attended the conference.    

During the conference, it was noted that Turkmen Lake “Altyn Asyr” will undoubtedly make a vital input to the development of social and economic system of the country.  

After the events, the excursion by boat and bus along the Turkmen Lake “Altyn Asyr” was organized for the participants of the event that was also complemented by a promenade.  Here, the participants could get acquainted firsthand with the transformations in the Karakum valley that took place after the construction of the reservoir that is being replenished by wastewaters from the agricultural fields of the country.    

FOUNDATION LAYING CEREMONY OF A NEW SOCIAL-PRODUCTION COMPLEX NEAR THE TURKMEN LAKE

Published in World
Wednesday, 08 May 2019 16:39

On the 8th of May 2019, one more important step was taken towards the social-economic development in Turkmenistan. This is the foundation laying ceremony of a new social-production complex near the Turkmen lake “Altyn Asyr.”

The President of Turkmenistan Gurbanguly Berdimuhamedov participated to this festive event. The Head of State left a commemorative note placed in a special capsule positioned in the foundation of one of the new complex’s structures.

The heads and representatives of the Mejlis (Parliament) of Turkmenistan, Deputies of the Chairman of the Cabinet of Ministers, heads and representatives of various ministries and agencies, as well as the higher educational institutions of the country, heads of diplomatic missions and representations of international organizations accredited in Turkmenistan, international experts, foreign and local journalists also took part in the ceremony.

The “Altyn Asyr” lake is a grand hydro-technical project aimed at amelioration of the environment, including the rational use of water and land resources. The process of building the lake is not simple. With this purpose, a system of collectors for accumulating the drainage waters coming from the irrigated lands from all the regions of the country was created, then to transfer them to the natural valley called Garashor, in the north-west of Turkmenistan.

The new, large-scale social-production complex and the Turkmen lake will become complementary segments in the region, where people will live and work in the sphere of crop production, animal husbandry and other types of agriculture. According to the designed plan, the social-production complex will be built in two stages; the first will embrace the period of 2019-2022, while the second will encompass the years 2022-2025.

It is vital to note that Turkmenistan pays great attention to cooperation with international organizations in this sphere. Therefore, effective management of water resources is one of the important aspects of cooperation with the United Nations, particularly in the process of attaining the Sustainable Development Goals that are steadily applied in the preparation of national development programs of Turkmenistan.

Turkmen-Russian high-level negotiations were held in Ashgabat

Published in World
Tuesday, 07 May 2019 17:19

On the 7th of May 2019, Turkmen-Russian high-level negotiations were held in Ashgabat. The delegation of the Russian Federation headed by Deputy Chairman of the Government, Head of State Administration K.A.Chuychenko arrived to the country to participate in the talks.

In the first half of the day, the high guest was received by President of Turkmenistan Gurbanguly Berdimuhamedov. During the meeting, the parties discussed current issues related to Turkmen-Russian relations in political, trade-economic and cultural-humanitarian spheres.

Then, the 11th session of Intergovernmental Turkmen-Russian Commission on Economic Cooperation was held in the premises of the Ministry of Foreign Affairs of Turkmenistan.
During the session, the parties spoke about the key aspects of bilateral cooperation, particularly issues of trade and economic nature. The participants elaborated on the subjects related to the development of mutually beneficial cooperation between profile ministries and agencies of the two countries, implementation of agreements, as well as talked about the process of executing trade actions.

The parties considered the joint projects, issues related to the work of Russian companies on the territory of Turkmenistan, as well as prospects of cooperation in the industry, construction, transport, oil and gas, gas-chemical and electro-energy spheres.

Upon completion of the session, the ceremony of signing bilateral documents took place. These included: “Protocol of the 11th session of Intergovernmental Turkmen-Russian Commission on Economic Cooperation”, “Memorandum between the Chamber of Commerce and Industry of Turkmenistan and the Government of Astrakhan region on establishing a Turkmen-Astrakhan Joint Council on commercial issues”, “Agreement between All-Russia State Institute of cinematography named after S.A.Gerasimov and State Committee of Turkmenistan for Television, Radiobroadcasting and Cinematography on Cooperation in the area of elevating the qualifications of Turkmen specialists”, “Agreement between the Federal State Budgetary Establishment ‘Moscow Helmholtz Research Institute of Eye Diseases” of the Ministry of Healthcare of Russian Federation and the Scientific-Clinical Centre of Eye Diseases of the State Medical University of Turkmenistan named after Murad Garriyev”.

It is worthwhile to note that the day before, on the 6th of May 2019, the meeting of experts of the two countries was held in the framework of preparations to the abovementioned meeting.

Letter of the President of Turkmenistan addressed to Emperor Naruhito

Published in World
Wednesday, 01 May 2019 20:45

On the 1st of May 2019, an official ceremony of presenting congratulatory letter of President of Turkmenistan Gurbanguly Berdimuhamedov addressed to new Emperor of Japan Naruhito was held at the Embassy of Japan in Turkmenistan.

In accordance with the instructions of the President of Turkmenistan, the letter was presented by the Chairman of the Turkmen-Japanese group of inter-parliamentary friendship of the Mejlis of Turkmenistan, Deputy hyakim of the Akhal province Serdar Berdimuhamedov to Ambassador Extraordinary and Plenipotentiary of Japan in Turkmenistan Katsumata Takahiko.

Mini-football tournament under the auspices of the Embassy of Turkmenistan in Georgia held in Tbilisi

Published in Sport
Monday, 22 April 2019 17:02

The Embassy of Turkmenistan in Georgia held a mini-football tournament in the Olympic complex in Tbilisi, which was attended by representatives of diplomatic missions accredited in Georgia, media representatives, as well as citizens of Turkmenistan.

Starting a sporting event, its organizers noted that from April 5th to May 5th, a month of sports and fitness events is held annually in Turkmenistan, and foreign diplomatic institutions of the country are also involved in this relay, initiating sports events in different countries.

At the end of the tournament in Tbilisi, its winners were awarded prizes and memorable awards.

http://orient.tm/en/mini-football-tournament-under-the-auspices-of-the-embassy-of-turkmenistan-in-georgia-held-in-tbilisi/

 

President Gurbanguly Berdimuhamedov sums up the outcomes of Turkmen – Korean talks

Published in World
Friday, 19 April 2019 12:52

After the negotiations and signing ceremony of Turkmen – Korean documents, Presidents Gurbanguly Berdimuhamedov and Moon Jae-in made a statement for the press.

Commenting on the outcomes of the meeting, the President of Turkmenistan expressed the gratitude to his Korean colleague for constructive and fruitful talks.

Turkmen leader noted that condition and perspectives of bilateral relations, subjects of regional and international politics have been discussed and directions of further cooperation have been outlined. The sides highly appreciated perspectives of interstate dialog and spoke for its activation.

The commitment of two countries to the solution of international issues including conflict situations only by political and diplomatic methods based on the standards of international law and the UN Charter has been highlighted.

Important place was given to the discussion of trade and economic partnership during the talks. The sides have come to common opinion on the necessity of making of the conditions for expansion of cooperation according to powerful industrial, resource and infrastructural potential of two states.

The positions on expansion of trade, activation of investment policy for the implementation of joint projects in energy and industrial spheres, transport and communication as well as in other directions have been agreed. Intergovernmental Turkmen – Korean Commission for trade, economic, scientific and technological cooperation and partnership collaboration between business communities of two countries are to play an important role in solution of these subjects.

The Head of Turkmenistan noted that energy and transport are strategic directions of bilateral cooperation. Turkmenistan and the Republic of Korea have modern transport infrastructure, favourable geographic location, which make the conditions for building of beneficial relations in these spheres. An interesting discussion of the perspectives of involvement of the potential of regional multimodal transport system in the North – South and East – West directions, from the Pacific Ocean to Caspian and Black Seas, from Northern Europe to Persian Gulf has been held in this context.

The Head of the State noted that he offered Korean partners to consider the opportunity of use of port infrastructure of Turkmenistan. There are also good perspectives in ship building sphere.

The agreement on further support and promotion of wide cultural, humanitarian, scientific, educational and sport relations has been achieved at the talks.

Having given high appraisal of high-level meeting, President Gurbanguly Berdimuhamedov highlighted that significant package of bilateral documents has been signed. It would serve as good foundation for expansion of comprehensive relations.

Turkmenistan pays great attention to the relations with the Republic of Korea. Our countries and nations are connected by the traditions of deep mutual respect, similarity of spiritual values. We carefully protect this heritage and fill it with new content, President Gurbanguly Berdimuhamedov said.

The Head of the State expressed the confidence that cooperation between Turkmenistan and the Republic of Korea would be steadily developed in all directions. It meets long-term interests of two countries and nations and is a factor of stability in Central Asia and Asian Pacific region.

President Gurbanguly Berdimuhamedov expressed deep gratitude to Korean leader for personal input to the development and strengthening of interstate dialog.

The state visit of the President of the Republic of Korea has confirmed the presence of big potential of cooperation, mutual willingness to make all necessary for its implementation. Having noted that this is the main outcome of the meeting and talks, Turkmen leader addressed the best wishes to friendly Korean nation.

 The state news agency of Turkmenistan 

President of Turkmenistan and President of the Republic of Korea visit Kiyanly polymer plant

Published in Economics
Friday, 19 April 2019 12:46

President of Turkmenistan Gurbanguly Berdimuhamedov and President of the Republic of Korea Moon Jae-in, who arrived in our country on a state visit, visited the largest industrial enterprise in the Caspian region - Kiyanly polymer plant.

The mutual interest and readiness of the friendly states to strengthen and develop constructive and fruitful cooperation in the political, trade-economic and humanitarian fields were confirmed during the Turkmen-Korean top-level talks in Ashgabat. The solid package of documents, aimed at enhancing effective cooperation in a wide spectrum of areas, was signed on the outcomes of the meeting.

In the morning, President of Turkmenistan Gurbanguly Berdimuhamedov arrived at the international airport of Turkmenbashi. Some time later, the airliner of the President of the Republic of Korea landed in the airport of the seaside city, decorated with the state flags of the two countries on the occasion of the significant event. The distinguished guest was cordially welcomed at the Turkmenbashi airport.

From the airport, the motor cortege of the leaders of the two states headed to the Kiyanly Village, where the polymer plant was put into operation last year.

The project, amounted to more than 3.400 billion US dollars, was implemented by the Turkmengaz State Concern together with foreign partners - LG International Corp and Hyundai Engineering (Republic of Korea), and TOYO Engineering Corporation (Japan).

The production capacity of the ultra-modern complex allows processing five billion cubic meters of natural gas per year and thereby producing 386,000 tons of high-density polyethylene, 81,000 tons of polypropylene. After extracting ethane and propane from natural gas, the remaining 4.5 billion cubic meters of commercial gas are supplied to the pipeline system to be used as fuel.

The equipment manufactured in Japan, the Republic of Korea, the USA, the UK, Belgium, Germany, Denmark and other European countries is installed at the plant. It consists of four main technological, fully automated installations: gas separation unit, ethane processing unit, polyethylene production unit and polypropylene production unit.

The state news agency of Turkmenistan

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