Dragon Oil signs MoU with the Turkmenistan state concern Turkmennebit

Dragon Oil signs MoU with the Turkmenistan state concern Turkmennebit

Dubai: Dragon Oil Company, which is fully funded by the Dubai Government, signed a Memorandum of Understanding with the Turkmenistan State Concern “Turkmennebit”. The agreement included expanding Dragon Oil Company’s investments in the promising Turkmen oil and gas sector, which includes three new offshore oil fields within Block 19.

The memorandum was signed on the Emirati side by His Excellency Ali Rashid Al Jarwan, CEO of Dragon Oil, and Aghajanov Jovansh, Head of the State Department “Turkmenneft,” on the Turkmen side.

The signing of the agreement was attended by His Excellency Mr. Gurbanguly Berdimuhamedov, National Leader of Turkmen Nation, His Excellency Mr. Meredov Rashid, Deputy Chairman of the Cabinet of Ministers of Turkmenistan and the Minister of Foreign Affairs of Turkmenistan, His Excellency Mr. Amanov Batyr, Deputy Chairman of the Cabinet of Ministers of Turkmenistan, His Excellency Mr. Begliyev Ashyr, Advisor to the President of Turkmenistan on Oil and Gas Issues, His Excellency Mr. Babayev Maksat, Chairman of the State Concern “Turkmengas” and His Excellency Mr. Agajanov Guvanch, Chairman of the State Concern “Turkmennebit”. From the UAE side, His Excellency Mr. Saeed Mohammed Al Tayer, Chairman of the Board of Directors of Dragon Oil, His Excellency Mr. Ahmed Al Hai Al Hameli,