UAE focuses on intensifying co-op with Turkmenistan Investment
IIKSS - The UAE’s new strategy opens up the opportunities for the intensification of cooperation with Turkmenistan, UAE Ambassador to Turkmenistan Hassan Abdullah Al Adhab said in an interview with Neutral Turkmenistan newspaper.
He added that great success, especially in the economic sphere, has been achieved in the development of the bilateral partnership since the opening of the UAE embassy in Turkmenistan.
"We will make every effort to strengthen and develop these relations in various fields," the ambassador added.
The diplomat added that renewable energy sources are one of the priority areas for Turkmenistan.
The UAE is ready for cooperation on the basis of exchange of knowledge and mutually beneficial joint projects, he said.
Diplomatic relations between Turkmenistan and the UAE were established in October 1995. The UAE companies successfully operate on the local energy market. One of such companies - Dragon Oil has been operating in the Turkmen sector of Caspian Sea since 1999 as part of the Production Sharing Agreement (PSA). The company is one of the largest foreign investors in Turkmenistan.