ASHGABAT, Turkmenistan, February 2.
Afghanistan’s Deputy Prime Minister for Economic Affairs, Abdul
Ghani Baradar, met with Turkmenistan’s Minister of Foreign Affairs
Rashid Meredov in Herat, Afghanistan, and discussed bilateral
relations and TAPI project, Trend reports via the Afghan prime minister’s X
account.
"Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline
project is one of the major economic projects that, on the one
hand, has created grounds for further expanding cooperation between
Turkmenistan and Afghanistan, and on the other hand, has
strengthened relations among the countries of the region", Baradar
said.
The participants list also included the Minister of Transport
and Railways of Turkmenistan, the head of the Turkmengaz State
Concern, the Minister of Mines and Petroleum of Afghanistan, and
the Minister of Water and Energy of Afghanistan.
Earlier, the Eurasian Development Bank (EDB) stated that
Turkmenistan is the largest investor from the Eurasian region in
Afghanistan, accounting for 52% of accumulated foreign direct
investments (FDI), or about $99 million.
According to the bank, Turkmenistan’s investment presence in
Afghanistan is concentrated in infrastructure and energy projects.
The largest active project is the TAPI gas pipeline. Turkmenistan
intends to finance the main part of the project, with investments
in the Afghan section starting in 2024 and estimated at $69 million
by mid-2025.
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