• 3 minutes Biden Seeks $2 Trillion Clean Energy And Infrastructure Spending Boost
  • 6 minutes Pompeo upsets China; oil & gas prices to fall
  • 11 minutes The Secret China Iran Oil Deal At The Heart Of One Belt One Road Project
  • 4 hours Trump Hands Putin Major Geopolitical Victory
  • 10 hours Trump Suggests Delaying Election Amid Fraud Claims
  • 10 hours Rational analysis of CV19 from Harvard Medical School
  • 6 hours While U.S. Pipelines Are Under Siege, China Streamlines Its Oil and Gas Network
  • 5 hours End Game For Oil? OPEC Prepares For An Age Of Dwindling Demand
  • 3 days The World is Facing a Solar Panel Waste Problem
  • 1 day "The Great Reset" What does this mean for you.
  • 1 day Mask Disposal
  • 1 day You may all go to hell
  • 1 day Biden admits he has been tested for Cognitive Decline several times. Didn't show any proof of test results.
  • 12 hours What happens to oil and gas production when 1/2 of Oklahoma is handed over to the Tribes
  • 2 days Is The Three Gorges Dam on the Brink of Collapse?
  • 3 days Trump is turning USA into a 3rd world dictatorship

TURKEY-TURKMENISTAN: 12 Energy Deals Solidify Cooperation

Bottom Line: Turkey has long been the inroad into Turkmenistan’s oil and gas sector, and the recent inking of a deal between the two countries solidifies this even more.

Analysis: On 30 May, Turkey and Turkmenistan signed an agreement for Turkmen gas supplies to Turkey, with Ashgabat rolling out the red carpet (and even a military parade) for Turkish President Abdullah Gul. The two countries signed a total of 12 cooperation agreements on 30 May, riding high on soaring trade volumes, which have reached $3.5 billion. Turkish companies have completed $34 billion in projects in Turkmenistan. Addressing his Turkmen audience, President Gul said that Turkmenistan extensive gas and oil reserves would find markets “both in Turkey and in Europe,” adding that natural gas in the country was delivered to the west and to the east via pipelines.

Recommendation: For US companies in particular, the gateway to Turkmenistan is through Turkey, and gaining a foothold in Turkmenistan’s oil and gas sector requires a Turkish gatekeeper.




Oilprice - The No. 1 Source for Oil & Energy News