UAE’s Dragon Oil pumps up its footprint in Turkmenistan

ASHGABAT, Turkmenistan, December 26. Dragon
Oil, owned by the Emirates Nationwide Oil Firm (ENOC), has opened
its new workplace in Ashgabat metropolis, the capital of Turkmenistan,
Development
studies.

In keeping with the UAE Embassy in Turkmenistan, Guvanch
Agadzhanov, Chairman of Turkmenistan’s Turkmennebit State Concern,
and Ali Rashid Al-Jarwan, Chief Government Officer of Dragon Oil,
welcomed these current and held a solemn ceremony of launching a
new workplace, chopping the ribbon.

Dragon Oil has been working in Turkmenistan below a Manufacturing
Sharing Settlement since 2000.

Its major enterprise is the extraction of hydrocarbons within the
Cheleken contractual area of the Caspian Sea, which is
completed by the event of the Jeytun and Dzhigalybeg
oil fields.

Moreover, Dragon Oil has invested greater than $8 billion in
this mission.

In the meantime, final yr, the Turkmennebit State Concern and Dragon
Oil firm signed a contract to increase the Manufacturing Sharing
Settlement till Could 1, 2035.

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