Turkmen Oil Concern and Hybrid Innovation Ink Equipment Supply Contract

BUSINESS TURKMENISTAN
Turkmen Oil Concern and Hybrid Innovation Ink Equipment Supply Contract
The document was signed on the sidelines of 27th Oil and Gas of Turkmenistan International Conference (OGT-2022) on Thursday in Ashgabat. (Photo: Orient.tm)

Türkmennebit (Turkmen Oil) State Concern, the national oil company of Turkmenistan, and the German company Hybrid Innovation GmbH on Thursday signed a 6-million-euro contract for the supply of technological equipment to Turkmenistan.

The document was signed on the sidelines of 27th Oil and Gas of Turkmenistan International Conference (OGT-2022) that kicked off on Wednesday in Turkmen capital Ashgabat, the online newspaper of the Oil and Gas Complex of Turkmenistan reports.

The main activity of Hybrid Innovation is supply of innovative energy saving technical complexes, enabling to increase efficiency of oil, gas and petrochemical plants.

The company takes part in realization of the program on equipping and modernization of Turkmenistan's oil and gas industry offering state-of-the-art solutions in equipment of plants and enterprises, according to the report.

On Thursday, Türkmennebit also signed agreements with Dragon Oil and Shandong Kerui Petroleum companies.

2022