Turkmen Businessmen Discuss Economic Cooperation With St. Petersburg Companies

Turkmen officials and businessmen from the Turkmen Union of Industrialists and Entrepreneurs met with the heads of some of the biggest St. Petersburg-based companies this week, Trend news agency reported.

The sides exchanged views on the prospects for cooperation, including the participation of St. Petersburg’s enterprises in joint implementation of big investment projects.

Turkmen entrepreneurs were presented with projects successfully implemented by St. Petersburg’s companies in road construction, illumination, construction of cargo, passenger ships and offshore platforms, as well as pharmaceutics and IT industry projects.

The Russian delegation consisted of the representatives of Vozrozhdenie, United Shipbuilding Corporation, Omega, Geropharm, and Petrosoft.

The presentation related to the activity of the Union of Industrialists and Entrepreneurs, ongoing large-scale projects, including those in the transport and logistics sector, road construction, the fishing industry and the introduction of IT technologies was held at the meeting. At the same time, the export potential of the Union of Industrialists and Entrepreneurs was stressed.

About 190 companies with Russian capital are operating in Turkmenistan. Russia’s Gazprom renewed the purchases of Turkmen gas this year, after a three-year hiatus. Since 2009, ARETI International Group of Companies (formerly ITERA) has been operating in the Turkmen sector of the Caspian Sea.

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