BAKU, Azerbaijan, June 4. Turkmenistan and
Malaysia discussed cooperation in political, economic, and
educational fields, Trend reports via the Turkmen MFA.
The talks were held during a telephone conversation between
Turkmen Foreign Minister Rashid Meredov and Malaysian Foreign
Minister Dato' Seri Utama Haji Mohamad bin Haji Hasan.
The sides also discussed preparations for upcoming meetings and
contacts at the highest and high levels, as well as prospects for
further interaction between the foreign ministries of the two
countries.
Earlier, in May, Chairman of the Halk Maslahaty (Parliament) of
Turkmenistan, Gurbanguly Berdimuhamedov, stated that 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.
For reference, PETRONAS has been operating in Turkmenistan since
July 1996, when it became the first foreign company to sign a
production sharing agreement (PSA) for offshore Block I in the
Turkmen sector of the Caspian Sea. The block includes the
Magtymguly, Diyarbekir, and Garagol-Deniz fields and remains one of
the country's key offshore energy assets. This year, the country
marked 20 years of cooperation in the gas processing sector with
PETRONAS.
In May 2025, PETRONAS signed a new long-term agreement on Block
I, extending its presence in Turkmenistan until 2050. Under the
updated arrangement, the offshore project currently produces around
400 million cubic feet of natural gas per day and has access to
more than 7 trillion cubic feet of gas resources.
