Turkmennebit Unveils Major Investment Opportunities in Kuala Lumpur

Turkmenistan Showcases Investment Opportunities in Energy Sector at Kuala Lumpur Forum

Kuala Lumpur, Malaysia, April 24 – During the International Forum on Attracting Foreign Investment to Turkmenistan’s Economy – 2025, Guvanch Agajanov, Head of the State Concern "Turkmennebit," presented a comprehensive report on the vast investment opportunities within Turkmenistan’s energy sector. The session emphasized the oil and petrochemical industries, elucidating both current conditions and future development prospects.

Agajanov highlighted the forum’s significance in fostering discussions on cooperative avenues between Turkmenistan and the global energy community, asserting that it would pave the way for mutually beneficial partnerships.

The accomplishments of Turkmenistan’s oil and gas sector are rooted in a supportive national policy, underpinned by President Serdar Berdimuhamedov’s and the guidance of National Leader Gurbanguly Berdimuhamedov. This strategic approach aims to effectively utilize the nation’s abundant hydrocarbon resources for economic diversification and growth.

Key Investment Areas and Resource Potential

The report underscored several focal points that are garnering interest from investors:

1. Offshore Resource Development: Since 2016, "Turkmennebit" has taken charge of negotiations concerning offshore license blocks in the Caspian Sea, facilitating corporations through a legal framework that encourages exploration and production via various international contract types, including Production Sharing Agreements (PSA).

2. Investor Guarantees: Turkmenistan’s legal framework offers robust guarantees, with a simplified tax system featuring a single income tax and exempting foreign investors from various mandatory payments, enhancing the attractiveness of investment opportunities.

3. Licensing Opportunities: The Turkmen sector of the Caspian Sea is divided into over 30 license blocks, with a variety of geologically promising areas highlighted, particularly blocks No. 11 and 12, which are adjacent to operations by the successful company "Petronas."

4. Innovation in Mature Field Development: As part of its strategy to enhance production volumes, "Turkmennebit" is keen on integrating innovative technologies at every stage, from exploration to production. The organization is collaborating with international firms to boost oil recovery rates with advanced solutions.

5. Oil Refining and Petrochemical Growth: The Turkmenbashy Complex of Oil Refineries and the Seydi Oil Refinery are focusing on modernization to increase processing capacities, enhance product quality, and expand their export potential in line with international standards.

Guvanch Agajanov reaffirmed "Turkmennebit’s" commitment to engaging with international entities, expressing a strong willingness to establish partnerships based on mutual benefit and respect for shared interests and commitments.

This comprehensive presentation at a prominent international platform reinforces Turkmenistan’s proactive approach to attracting foreign investments and advanced technologies to further exploit its substantial energy potential, marking its openness to long-term, mutually beneficial collaborations in the energy sector.

Photo: orient.tm

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