Wednesday, May 09, 2007
Turkmen welcome mat for Chevron
04 May 2007 - Upstream OnLine - Turkmenistan's President Gurbanguly Berdymukhammedov has invited US supermajor Chevron to step into the country's Caspian Sea play. Berdymukhammedov met with senior Chevron officials, and told them the Central Asian nation was interested in acquiring modern technology for the oil and gas sector and was ready to discuss areas of co-operation with Chevron, the Turkmen government said on its website. Turkmenistan is a major natural gas producer, with the government claiming reserves of 2.8 trillion cubic metres, although this has not been independently verified. The size of Turkmenistan's Caspian reserves is not known.
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