President of Turkmenistan instructs to ensure efficient logistics for offshore oil transportation

Priority issues of state life and draft several documents, including those in the fuel and energy sector, were considered at the next meeting of the Cabinet of Ministers, which President Gurbanguly Berdimuhamedov held last Friday via digital video communications.

Myratgeldi Meredov, Vice-Chairman of the Cabinet of Ministers, reported on the situation in certain sectors of the fuel and energy complex, practical steps taken to further successfully implement the Program for the development of the country’s oil and gas industry for the period until 2030.

In particular, the Vice-Chairman reported to the head of state on ongoing work to improve the regulatory framework of the industry, including the “Procedure for the turnover of oil and oil products in the seaports of Turkmenistan.”

After hearing the report, Gurbanguly Berdimuhamedov instructed to exercise clear control over the activities of subordinate structures, giving priority to the issues of a stable increase in production and processing of hydrocarbon resources. Specific instructions were given on the implementation of a number of investment projects and cooperation in this area with foreign partners.

As the head of Turkmenistan emphasized, today the Caspian region is rapidly becoming one of the key centers of geopolitical and geoeconomic processes, a powerful global transport and transit hub is being formed here, including sea, land and air routes, and promising energy routes.

To develop a productive partnership in this area, it is necessary to develop optimal logistics routes in accordance with the transport strategy of Turkmenistan and taking into account the interests of all coastal countries, the President said.

In this regard, the Turkmen leader noted that specific initiatives in this regard were put forward at the V Summit of the Caspian littoral states held in 2018, at which the Convention on the Legal Status of the Caspian Sea was signed.

The President instructed the Vice-Chairman to take appropriate measures to ensure efficient logistics, harnessing the capabilities of specialized marine terminals and warehouses, especially with a modern seaport infrastructure for exporting products from the domestic oil and gas industry.



Source: Nebit-Gaz