Dragon oil expands investments in Turkmenistan with signed MoU in UAE

Dragon Oil Company, wholly owned by the Government of Dubai, signed a Memorandum of Understanding (MoU) with Turkmenbet Company(Turkmenistan Oil).

- 

The agreement included expanding Dragon Oil Company's investments in the promising Turkmen oil and gas sector, which includes three new oil fields within Block 19.

The signing of the agreement was attended by Gurbanguly Berdimuhamedow, Chairman of the People's Council of Turkmenistan; Meredov Rashid, Deputy Chairman of the Council of the Minister of Foreign Affairs; Amanov Batyr Amanglidievich, Deputy Chairman of the Council of Ministers of Turkmenistan; Biglev Acherguli, Advisor to the President of Turkmenistan on Oil and Gas Issues; Babayev Maksat Mamitsaparovich; and Agaganov Jovansh, Head of the Service.

Also present from the UAE side were Saeed Mohammed AI Tayer, Chairman of the Board of Directors of Dragon Oil; Ahmed AI Hai AI Hameli, UAE Ambassador to the Republic of Turkmenistan; Ali Rashid AI Jarwan, CEO of Dragon Oil; and Saeed Salem AI Shamsi, General Manager of Marketing and Government Communications, Dragon Oil Company.

At the beginning of the meeting, Saeed AI Tayer welcomed the presence of the Chairman of the People's Council of Turkmenistan and conveyed the greetings of Sheikh Mohammed bin Rashid AI Maktoum, Vice President, Prime Minister and Ruler of Dubai.