Dragon Oil Company, wholly owned by the Government of Dubai, signed a Memorandum of Understanding (MoU) with Turkmenbet Company (Turkmenistan Oil).
Gurbanguly Berdimuhamedow, Chairman of the People's Council of Turkmenistan and Saeed Mohammed Al Tayer, Chairman of the Board of Directors of Dragon Oil © WAM
Dragon Oil Company, wholly owned by the Government of Dubai, signed a Memorandum of Understanding (MoU) with Turkmenbet Company (Turkmenistan Oil).
The agreement included expanding Dragon Oil Company’s investments in the promising Turkmen oil and gas sector, which includes three new oil fields within Block 19.
Dragon Oil has been engaged in oil and gas cooperation with Turkmenistan on the basis of a production sharing agreement since 2000. Its primary focus is on the extraction of hydrocarbon resources in the Caspian Sea, in the Chilikin Contractual Area.
Two Israeli banks will halt working with their Palestinian counterparts in the coming months citing risks of associating with possible terrorism financing and money laundering, Israeli officials said, fuelling concerns of a Palestinian economic crisis.
President Donald Trump threatened Yemen's Iran-backed Houthi rebels and Iran itself with "major military punishment" in a Truth Social post Thursday, after the group claimed responsibility for striking two Saudi oil tankers in the Red Sea.
Iranian drone attacks on CIA facilities in the Gulf have prompted U.S. intelligence analysts to investigate whether Russia assisted by providing targeting information or advanced drone technology, said four people familiar with U.S. intelligence.
To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.