On May 27, 2020, in the building of the Ministry of Foreign Affairs of Turkmenistan, negotiations were held online between the official representatives of Turkmenistan and the French company Total. At the meeting, the Turkmen delegation was represented by the Advisor to the President of Turkmenistan on oil and gas issues Y.Kakaev, heads of, the Turkmengaz State Concern and the Turkmennebit State Concern, representatives of the Ministry of Foreign Affairs and other agencies, and from the French side Stefan Michel, Vice President, Exploration and Production of the company “Total”.
During a constructive conversation, the parties noted with satisfaction the positive dynamics in the development of effective and reliable interaction. It was also particularly noted that Turkmenistan has huge potential in the field of energy and hydrocarbon raw materials, where an open state policy is being implemented that reveals a wide potential, including for foreign investors. In this context, the successful holding of the international conference “TAPI – the gas pipeline of peace and cooperation” and the road show “Oil and Gas of Turkmenistan”, in Dubai in February 2020, which brought together potential investors and world experts in the field of energy, was also noted.
As part of the negotiations, the parties also considered the development of offshore blocks of the Turkmen shelf of the Caspian Sea and the implementation of geological and geophysical information for this sector. Particular attention was paid to the development of the gas chemical industry of Turkmenistan and attracting investments in gas processing projects for mutual implementation in the near future.