ASHGABAT, Turkmenistan, May 13. A production
sharing agreement between Turkmennebit State Concern and Malaysia's
PETRONAS will be signed during the upcoming visit of Malaysia’s
Prime Minister to Turkmenistan, said Chairman of the Halk Maslahaty
(Parliament) of Turkmenistan Gurbanguly Berdimuhamedov, Trend reports via the press
service of the Turkmen government .
He made the announcement at a meeting with Tan Sri Mohd Hassan
Marican, Chairman of the Advisory Committee on Political Affairs
under the Prime Minister of Malaysia, during his visit to
Ashgabat.
The statement was made in the context of preparations for the
Malaysian delegation’s visit, during which a protocol on commercial
terms between Turkmennebit and PETRONAS Çarigali (Turkmenistan)
Sdn. Bhd. is also expected to be signed.
According to Berdimuhamedov, the planned agreement is of
strategic importance for expanding long-term energy cooperation
between the two countries.
Meanwhile, Malaysia has expressed interest in participating in
the development of the Turkmenistan's Galkynysh gas field in order
to increase production of commercial gas and expand bilateral
energy cooperation.
PETRONAS (Petroliam Nasional Berhad) is Malaysia’s fully
state-owned oil and gas corporation and one of the largest energy
companies in Southeast Asia, with integrated operations across the
entire hydrocarbons value chain in more than 100 countries. Beyond
its core upstream and downstream business, the company places
strong emphasis on long-term human capital development through its
flagship education initiatives, particularly the PETRONAS Education
Sponsorship Programme (PESP), which funds talented students for
undergraduate studies at leading local and international
universities, including its own Universiti Teknologi PETRONAS
(UTP).
