BAKU, Azerbaijan, October 23. Turkmenistan’s
state concerns Turkmennebit and Turkmengaz have signed three
contracts and two memoranda of understanding with foreign companies
covering Caspian Sea oil and gas operations, industry services and
equipment supplies.


According to the press service of the Turkmen government, the
documents were signed on October 22 during the 31st International
Conference and Exhibition "Oil and Gas of Turkmenistan" (OGT
2026).


Turkmennebit signed a memorandum of understanding with China
National Offshore Oil Corporation (CNOOC) on cooperation involving
blocks in Turkmenistan’s sector of the Caspian Sea. The document
was signed by Turkmennebit Chairman Guvanch Agajanov and CNOOC
Chairman Zhang Chuanjiang.


A second memorandum was signed with Malaysia’s Petroleum
Resources Corporation to promote cooperation in oil and gas
services and equipment. The Malaysian side was represented by
President and CEO Mohd Yazid Ja’afar.


Turkmennebit also signed contracts for the purchase of pipes
with China’s TENERGY TIANJIN CO., LTD and Kazakhstan’s KSP Steel.
The contracts were signed on behalf of TENERGY TIANJIN by its
Central Asia representative, Samiullah Gulam Sakhi, and on behalf
of KSP Steel by its Sales Director, Bauyrzhan Kozhabekov.







Separately, Turkmengaz signed a pipe procurement contract with
Uzbekistan’s Galperin Tashkent Pipe Plant. The agreement was signed
by Turkmenistan’s State Minister and Turkmengaz Chairman Maksat
Babayev and the plant’s Director Viktoria Susepina.


Meanwhile, the final day of the 31st International Conference
and Exhibition “Oil and Gas of Turkmenistan” (OGT 2026) is underway
in Ashgabat.


On the third day, participants are discussing ways to reduce
methane emissions, improve environmental and energy efficiency, and
the role of natural gas in ensuring a balanced and sustainable
energy future.


Participants are exploring opportunities for international
exchange of expertise and technologies aimed at reducing greenhouse
gas emissions and improving the environmental performance of the
oil and gas industry. In addition, the role of natural gas in
shaping a balanced energy system is being discussed.