Last week the Ministry of Foreign Affairs of Turkmenistan hosted a meeting between Ambassador of Tajikistan Farrukh Sharifzoda and CEO of the Turkmen national oil and gas company NAPECO Maksat Pirliyev.
During the meeting, the sides exchanged views on the establishment of a joint venture for the processing of oil and petroleum products.
In perspective, the project could open up the export of oil products to Tajikistan, the Tajik Foreign Ministry reported.
A range of bilateral trade and economic issues were also discussed.
Tajikistan periodically faces difficulties in ensuring the growing demand for fuel and lubricants in the country. In addition, the volatility of prices on the world oil markets adversely affects the tariffs for end consumers.
Tajikistan imported about 620,000 tons of petroleum products in 2021, that is 60% up than in 2020. The main exporters of petroleum products are Russia, Kazakhstan, and Uzbekistan. Turkmenistan shares nearly 2.4% of the total imports.
The intergovernmental agreement between Turkmenistan and Tajikistan on the supply of petroleum products and liquefied petroleum gas was signed in August 2021.
The state-owned Napeco company was established in 2014. It conducts exploration and drilling, production of oil and gas as well as implement international projects in the oil and gas sector. ///nCa, 23 May 2022