The 28th International Conference and Exhibition “Oil and Gas of Turkmenistan” (OGT 2023), will be held in Ashgabat on October 25-27, 2023. The event is organized by the State Concerns “Turkmengas”, “Turkmennebit”, Chamber of Commerce and Industry of Turkmenistan and State Corporation “Turkmengeology” in partnership with ES “Turkmen Forum” with the support of the British company GaffneyCline.
The three-day event will bring together heads of national oil and gas companies, heads of leading international and financial organizations, and representatives of leading energy companies to discuss solutions in achieving a zero methane future.To date, over 700 delegates from 46 countries have registered to attend OGT 2023.
The Plenary Session of the OGT 2023 includes high-profile speakers such as the Iraqi Minister of Electricity – Mr Zeyad Ali Fadhel, Executive Director, Low Carbon Solutions & International Growth, ADNOC – Mr Musabbeh Al Kaabi, CNPC President – Hou Qijun, President, SOCAR –Mr Rovshan Najaf and the representatives of leading international organizations. Other reputable speakers representing major energy companies and organizations, have already confirmed their participation. The sessions of the conference will include the addresses of Medhat M. Kamal – President of SPE, Elena Akoltseva- Baker Hughes Vice President for the Caspian Region, Saamir Elshihabi – Principal Lead, Energy Transition, COP28 UAE, Marwa Hassan – Global Business Development Director of SLB, Sharifa Khudobakhsh – Deputy Minister of Energy and Water Resources of Tajikistan.
SOCAR – the Geneva-based global energy trader has been announced as the Premier Partner of OGT 2023.
Headquartered in Switzerland, SOCAR was incorporated in December 2007 as the marketing arm of the State Oil Company of Azerbaijan Republic (SOCAR). It was established with the mandate to market Azeri barrels produced from the Azeri-Chirag-Guneshli field and other surrounding fields in Azerbaijan. SOCAR has since expanded into other markets, and boasts a long-lasting partnership with Turkmenistan in crude oil and oil products.
SOCAR delivers Azeri barrels via the Western Route Export Pipeline (WREP) in Georgia, the Baku-Tbilisi-Ceyhan pipeline (BTC) in Turkey and Baku-Novorossiysk in Russia.
SOCAR is unique: it enjoys the advantages of being a state-owned entity combined with the independence and global presence of a major commodities trading company. Together with a streamlined staff and administration, supported by sophisticated IT systems and an internal control framework, the Company has the agility and the confidence to merit its status as one of the most successful global energy trading companies. SOCAR is a company that is very conscious of how it does business. In recent times, the Company has invested significant time and resources in risk management, control and compliance. This has been achieved by hiring key industry professionals and implementing sophisticated IT support systems.
SOCAR has established partnerships and business relationships worldwide, working with a vast diversity of first-class European and global banks and with other state-owned entities, such as those in Turkmenistan. The Company has invested in several physical infrastructure projects to enable it to generate trading flows, and is a logistics hub for Caspian barrels. With a presence across the value chain, SOCAR is focused on expansion by growing its light ends and LNG divisions in 2021, developing oil products trading, and further enlarging its positions in Southern and Eastern European gas trading.
SOCAR is confident of playing an even more important role in the increasing trade between Azerbaijan and Turkmenistan following the signing of a Memorandum of Understanding between the Governments of the two states in January 2021 on joint exploration and development of hydrocarbon resources of “Dostluk” field in the Caspian Sea.
Progress in joint work was noted during the fourth meeting of the working group on the preparation of agreement between the governments of Turkmenistan and Azerbaijan on joint exploration and development of hydrocarbon resources of “Dostluk” field.
The participation of SOCAR at OGT 2023 will be the next step in further strengthening mutually beneficial co-operation with national and international energy companies attending the event.
For more information about the event, please visit www.ogt-turkmenistan.com.
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