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.
A specialist team from Turkey equipped to search deep waters started work on Tuesday to pinpoint the wreckage of a ferry that capsized off northern Cyprus on Sunday, with 20 people still missing.
HSBC in the UAE has become the first market in the bank's global network to launch an upgrade to its Global Money Account, a fully integrated multi-currency account and debit card designed for the way international customers live, earn, travel and support family across borders.
Iran has sufficient foreign currency reserves despite U.S. sanctions, Central Bank Governor Abdolnaser Hemmati said on Tuesday, after U.S. Treasury Secretary Scott Bessent said Tehran was lashing out because it was losing the economic war.
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.