WNAM MONITORING: Turkmenistan and the UAE are discussing cooperation in the fields of natural gas, electricity, renewable energy and transport and logistics at intergovernmental level. Turkmenistan’s Foreign Ministry reports that the head of the ministry, Rashid Meredov, met with the Minister of Energy and Infrastructure of the United Arab Emirates Suhail bin Mohammed Al Mazrouei, in Abu Dhabi.
During the meeting, they exchanged views on the implementation of previously reached agreements and signed contracts.
Meredov also met with UAE Vice President Mansour bin Zayed Al Nahyan. “It was noted that high-level contacts are of paramount importance in the further promotion of interstate ties.” Experts told that the UAE is looking to expand its local market presence in the oil, gas and renewable energy sectors through major investments by companies such as ADNOC, Dragon Oil and Masdar. Dragon Oil is one of the largest investors in Turkmenistan, having invested some $8bn in the development of the national Caspian shelf since 1999.
