The State concerns «Türkmennebit» and «Türkmengaz» sign major contracts with foreign companies
Key documents for the fuel and energy sector of Turkmenistan were signed as part of the International Conference "Oil and Gas of Turkmenistan" (OGT 2026) currently held in Ashgabat. During the signing ceremony on October 22, the State concerns «Türkmennebit» and «Türkmengaz» finalized a total of three contracts and two memorandums of understanding with international partners. In line with expanding hydrocarbon reserves and developing offshore fields, a major agreement was reached between the State concern «Türkmennebit» and the China National Offshore Oil Corporation (CNOOC). The document, which provides for joint operations on promising blocks in the Turkmen sector of the Caspian Sea, was signed by the Chairman of the Concern, Guvanch Agajanov, and the head of CNOOC Zhang Chuanjiang. Additionally, to enhance the quality of oil and gas services and supply modern equipment, SC "Turkmennebit" signed a memorandum of understanding with the Malaysian Petroleum Resources Corporation. On the Malaysian side, the document was signed by Mohd Yazid Jaafar, President and CEO of the corporation. To strengthen the agency's production infrastructure, SC "Turkmennebit" entered into two new contracts with foreign partners for the procurement of various types of pipe products required for operations. The first agreement was signed with Samiullah Ghulam Sahi, Central Asia representative of the Chinese company "TENERGY TIANJIN CO., LTD", while the second was signed with Baurzhan Kozhabekov, Sales Director of Kazakhstan's "KSP Steel". For its part, the State concern «Türkmengaz» signed a major contract aimed at upgrading the technical infrastructure of gas pipeline systems. The agreement for the delivery of various pipe products with Uzbekistan's "Tashkent Pipe Plant named after Galperin" LLC was signed by the Minister of State of Turkmenistan, Chairman of the State concern «Türkmengaz» Maksat Babayev and the Director of the Uzbek enterprise Victoria Susepina.