The grand opening of the new office of the oil company Dragon Oil was eld in Ashgabat. The ceremony was attended by the heads of the “Turkmenneft” State Concern, the Dragon Oil company and representatives of the UAE Embassy, writes the “Neutral Turkmenistan” newspaper.

Chairman of the “Turkmenneft” State Concern Guvanch Agajanov and Dragon Oil Executive Director Ali Rashid Al Jarwan noted in their speeches that the opening of a new office marks a new stage in the development of cooperation between Turkmenistan and the company. Thanks to the policy of the leadership of Turkmenistan, favorable conditions for investment have been created in the country, which is confirmed by the long-term partnership with Dragon Oil.

Previously, an agreement was signed to extend the production sharing contract between the State Concern “Turkmenneft” and Dragon Oil until 2035. The company has invested heavily in the exploration and development of oil and gas fields in Turkmenistan, in particular Jeytun and Jigalybeg in the Caspian Sea.

Dragon Oil supplies Turkmen energy resources to international markets, implements a “zero discharge” waste program, and also participates in social projects. The company highly values cooperation with Turkmenistan and intends to develop it on a mutually beneficial basis.

The opening of a new Dragon Oil office demonstrates the company’s commitment to further deepening cooperation with Turkmen partners.