Turkmenistan is trying to attract investments from oil and gas companies from Bahrain for the construction of two plants

A Turkmen delegation led by Deputy Foreign Minister Berdyniyaz Myatiev visited Bahrain, where they held a series of talks with representatives of the government and oil and gas companies in an attempt to attract investment to Turkmenistan.

On June 16, representatives of Turkmenistan - Myatiev, Deputy Chairman of the State Concern "Turkmenhimiya" Dovran Shamedov and representative of the Chamber of Commerce and Industry Atanepes Belliev met with the Second Deputy Chairman of the Chamber of Commerce and Industry of Bahrain Mohammad Al Kooheji , member of the executive committee Ahmed Alsaloum (Ahmed Alsaloom and board member Yousuf Salahuddin , reports The Daily Tribune – news of Bahrein.

The head of the Bahraini delegation, Mohammed al-Kuheji, expressed interest in developing cooperation between Bahraini private companies and Turkmenistan, but noted that this was hindered by lengthy transportation procedures, logistical obstacles and a lack of understanding of investment laws and regulations .

To this, Myatiev replied that the legislative framework of Turkmenistan has been updated to attract foreign investment, which, according to him, the country has managed to receive more than $8 billion over the past years. The diplomat added that Turkmenistan is developing projects for plants for the production of nitrogen and methanol, which require foreign investment.

The representative of Turkmenistan called on Bahraini businessmen and investors to visit the country to get acquainted with the existing investment opportunities and conditions.

On June 20, in Manama, a Turkmen delegation led by Myatiev held talks with representatives of the Bahraini government and oil and gas companies Nogaholding (a semi-independent agency of the Bahrain Ministry of Oil and Gas), Bapco (National Oil Company of Bahrain), GPIC (petrochemical company) and Tatweer Petroleum (oil and gas company) , according to the Bahraini news agency.

In addition to Myatiev, the Turkmen delegation also included the president of Vnesheconombank, deputy head of the Turkmengas state concern, vice president of the Turkmenhimiya state concern, a member of the board of directors of a pipeline company, as well as the head of the Foreign Ministry department for the Middle East and Africa.

The Turkmen side expressed its readiness to implement joint projects and develop business partnerships in Turkmenistan thanks to the country's rich industrial resources and investment-attractive facilities.

The guests from Turkmenistan paid special attention to two promising projects - a plant for the production of methanol, as well as a plant for the production of ammonia and urea.

Whether any decisions were made following the meeting is not specified.

In August 2021, it became known that negotiations were underway in Turkmenistan with the Danish company Haldor Topsoe on the construction of a small-scale gas chemical plant in Turkmenistan for the production of ammonia and methanol from natural gas.

Previously Haldor Topsoe's GTL technologies were used in the construction of a gas-to-fuel plant.

In August 2020, it was reported that carbamide in Turkmenistan is produced at three plants of the state concern "Turkmenhimiya" - "Marykarbamid", "Tejenkarbamid" and "Garabogazkarbamid". In February 2021, Gurbanguly Berdimuhamedov stated that the capacities of the Tejenkarbamid plant were used only by 53.7%, and the Marykarbamid plant by 62.5%.

In December 2021, an international tender was announced for carrying out repair and restoration work at the Tejenkarbamid plant.

Source: Chronicles of Turkmenistan