The 27th Worldwide Convention and Expo “Oil and Gasoline of Turkmenistan” (OGT-2022) will probably be held on October 26-28, 2022 in Ashgabat. The Convention is organized by the State Issues “Turkmengas”, “Turkmennebit” and the Chamber of Commerce and Trade of Turkmenistan in partnership with Turkmen Discussion board and UK-based GaffneyCline.
The aim of the Convention and Expo is to strengthen the regional dialogue on additional sustainable growth of the vitality sector, evaluate the newest tendencies within the international regional vitality system and increase the alternatives for attracting international direct funding to the oil and gasoline trade of Turkmenistan. The novelty of this yr’s occasion is the Expo, which is able to run in parallel with the convention and can current the most effective highlights from the home and international oil & gasoline industries, reinvigorated with new concepts and options to match the present trade agenda. New parts launched at this yr’s Expo will put a key concentrate on highlighting the significance of acceleration of cooperation between IOCs and NOCs, reinforcing the rising function of mutually useful partnerships.
Participation and enterprise conferences on the sidelines of this Convention and Expo will probably be a wonderful platform for establishing enterprise contacts in addition to rising the attention of potential companions about new funding initiatives within the gas and vitality and gasoline chemical complexes of Turkmenistan.
The agenda of the Convention is concentrated on dialogue of such points as:
- the way forward for vitality: challenges and alternatives;
- offshore and onshore funding alternatives within the Turkmen oil & gasoline sector;
- new period vitality: prospects for home & regional growth;
- environmental facets of hydrocarbon developments;
- progressive applied sciences and know-how in oil & gasoline science and training;
Turkmenistan is a serious participant within the international vitality market. The nation is without doubt one of the states with enormous reserves of hydrocarbon uncooked supplies and one of many main vitality nations on the planet. Turkmenistan holds the world’s fourth largest confirmed pure gasoline reserves, after Russia, Iran, and Qatar. The wealth of the Turkmen mineral sources was clearly confirmed by the worldwide audit of the Galkynysh, Yashlar and Garakel gasoline fields, which reserves are estimated at 27.4 trillion cubic meters of gasoline.
The principle volumes of Turkmen pure gasoline provides are carried out to the Folks’s Republic of China by three traces (A, B and C) of the transnational gasoline pipeline «Turkmenistan – Uzbekistan – Kazakhstan – China». As well as, deliveries are made within the northern course to the Russian Federation and within the southern course to the Republic of Azerbaijan by the Islamic Republic of Iran.
The challenge of the gasoline pipeline «Turkmenistan-Afghanistan-Pakistan-India» (TAPI) is on the implementation stage. Regardless of the results of the COVID-19 pandemic and the following adjustments on the worldwide markets, the TAPI nations proceed to assist the implementation of the Turkmenistan-Afghanistan-Pakistan-India Gasoline Pipeline Mission. The 1,853-km pipeline will ship as much as 33 BCMA pure gasoline from the Galkynysh gasoline subject in Turkmenistan to a few off-take factors in Afghanistan, three off-take factors in Pakistan and a remaining off-take level on the Pakistan-India border to provide the Indian market. The linear a part of the Turkmenistan part of the TAPI pipeline is at present being commissioned.
Turkmenistan pays nice consideration to attracting direct international funding. At present, inside the framework of the concluded Manufacturing Sharing Agreements, numerous international corporations, comparable to «Dragon Oil (Turkmenistan) Ltd», «Eni Turkmenistan Restricted», «PETRONAS», «CNPC» and lots of others produce hydrocarbons each onshore within the Balkan area and offshore fields within the Caspian Sea of Turkmenistan. This yr’s convention will concentrate on attracting investments for the event of hydrocarbon sources within the onshore and offshore blocks of the Turkmen sector of the Caspian Sea.
The cooperation between Turkmenistan and Azerbaijan reached a serious milestone with the signing of the Memorandum of Understanding between the governments of Azerbaijan and Turkmenistan on the joint exploration and growth of hydrocarbon sources of the Dostluk subject within the Caspian Sea. Profitable joint growth of this subject will considerably improve the hydrocarbon export potential of the Caspian area.
In parallel with the export of pure gasoline by pipeline, Turkmenistan is at present specializing in the deep processing of pure gasoline. Lately, a number of gasoline chemical complexes have been commissioned, and within the close to future, a number of extra are deliberate to be constructed in an effort to manufacture worth added items which can be in excessive demand on world markets.
After the 2 years break, OGT 2022 will host delegates in particular person in Ashgabat. For the comfort of worldwide delegates, a constitution return flight from Dubai to Ashgabat will probably be organized. The convention may even be accessible in on-line format by zoom platform. Conferences on the sidelines of the Convention with the senior administration of the Turkmen oil and gasoline sector may even be accessible each in particular person and on-line codecs.
Senior administration and representatives of each Turkmen state organizations and main worldwide oil and gasoline corporations, in addition to main worldwide monetary establishments are anticipated to take part within the convention and Expo.