Economics

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Iran, Oman, Turkmenistan and Uzbekistan moving forward to build cross regional transport corridors

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On August 5-6, 2014in Muscat city the delegation of the Ministry of Foreign Affairs of Turkmenistan joined the meeting of Foreign Ministers from the Islamic Republic of Iran, the Sultanate of Oman and the Republic of Uzbekistan.

The parties signed the Memorandum of Understanding on implementation of the Agreement on the Establishment of an International Transport and Transit Corridor between the Governments of Iran, Oman, Qatar, Turkmenistan and Uzbekistan. As it is known, the Agreement was signed in Ashgabat on April, 2011.

In Muscat the ministers noted that implementation of Ashgabat Agreement will further promote mutually beneficial trade-economic partnership between the countries of Central Asia and the Middle East. This meeting is an important step toward sustainable development of the regions.

There has been a bilateral meetings of Turkmen delegation with counterparts from Iran, Oman and Uzbekistan. Current bilateral agenda and futher development of mutually beneficial cooperation were discussed

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Preparations for International Conference on Transport discussed at Foreign Ministry of Turkmenistan

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The first meeting for preparation of the High Level Conference on International Cooperation in Transport was held at the Ministry of Foreign Affairs of Turkmenistan. The conference will be held in Ashgabat in September 2014. 

The meeting was attended by the leadership of the Ministry of Foreign Affairs and relevant ministries of Turkmenistan, heads of the diplomatic missions accredited in Ashgabat, representatives of international organizations and experts.

As the press service of the Turkmen Foreign Ministry reports, Turkmenistan supports the idea of laying the foundation of a new geo-economic space combining Central Asia, the Caspian Sea, Black Sea and Baltic regions, the Middle East and South and Southeast Asia. This aspect is a key component of Turkmenistan’s national development strategy in the field of transport. According to the Foreign Ministry of Turkmenistan, the main task in this direction is to integrate the transport system of Turkmenistan into the international communications network.

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Agreement on the TAPI gas pipeline construction project is signed in Ashgabat

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Agreement on the TAPI gas pipeline construction project is signed in Ashgabat

In the framework of the International Oil and Gas Forum that takes place in the Turkmen capital, the Transaction Advisory Services Agreement (TASA) on the Turkmenistan-Afghanistan-Pakistan-India gas pipeline was signed by the Turkmengaz state concern, Afghanistan's state gas corporation, Pakistan's Interstate Gas Systems Ltd, Gali company (India), and the Asian Development Bank.

Noteworthy, by the initiative of President of Turkmenistan Gurbanguly Berdymuhamedov, in Ashgabat a regular Summit of the project member-countries was held on December 11, 2010. The Summit resulted in signing of the Framework Agreement on gas pipeline and the Intergovernmental Agreement on the TAPI project implementation were signed.