BAKU, Azerbaijan, June 20. Malaysia values
Turkmenistan’s experience in the energy sector and seeks closer
cooperation with PETRONAS, Malaysian Prime Minister Anwar Ibrahim
said.
This was reported in a press release published by the press
service of the Turkmen government.
“Malaysia is interested in studying Turkmenistan’s rich and
modern experience in the energy sector, in the field of organizing
information centers and other areas, and highly values long-term
cooperation with PETRONAS,” Anwar Ibrahim said.
According to him, Turkmenistan-Malaysia relations are developing
at a high pace, driven by trade, economic and investment
cooperation.
He noted that PETRONAS has been successfully operating in
Turkmenistan since 1996 and expressed appreciation for Ashgabat’s
support for the company’s activities.
Anwar Ibrahim also emphasized the importance of cultural and
humanitarian ties, saying they play a key role in bilateral
relations.
The Malaysian Prime Minister expressed confidence that joint
efforts will further strengthen friendly relations between the two
countries.
For reference, PETRONAS has maintained a presence 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
also marked two decades of cooperation between Turkmenistan and
PETRONAS in the gas processing sector.
In May 2025, PETRONAS signed a new long-term agreement for Block
I, extending its operations in Turkmenistan through 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.
