Turkmen National Oil Company to Expand Cooperation With Tatneft

BUSINESS TURKMENISTAN
Turkmen National Oil Company to Expand Cooperation With Tatneft
The participants exchanged views on the geotechnical activities on the oil wells of the Turkmennebit State Concern.

The administrative building of the Türkmennebit State Concern, the national oil company of Turkmenistan, hosted a video conference session with the representatives of the Tatneft public company on Wednesday.

At the meeting, the Turkmen side was headed by the Advisor to the President of Turkmenistan on Oil and Gas Issues Yagshygeldi Kakayev, while the Tatneft was represented by General Director Nail Maganov. The representatives of state institutions of Turkmenistan, and representatives of Turkmennebit and Tatneft also took part in the meeting.

The participants exchanged views on the geotechnical activities on the oil wells of the Turkmennebit State Concern. In addition, the parties reached preliminarily agreements to expand the activities for providing the services on full renovation of oil wells and offshoot drilling covering some oil fields.

The parties also discussed the current state of affairs and prospects of the development of mutually beneficial bilateral relations. The sides specifically noted the efficiency of cooperation in the framework of previously attained high-level agreements between Turkmenistan and the Republic of Tatarstan of the Russian Federation.

The branch office of Tatneft in Turkmenistan was registered in January 2011. The main field of activity of the branch is the overhaul of wells, the organization of a reservoir pressure maintenance system and the introduction of automation systems at oil production facilities.