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The giant PETRONAS, through its subsidiary PETRONAS Carigali (Turkmenistan), has ratified its strategic position in Central Asia through the signing of multiple energy agreements. This event formally coincides with the visit of Malaysian Prime Minister Anwar Ibrahim to Turkmen territory. Additionally, bilateral negotiations with state entities Turkmennebit and Hazarnebit extend the firm’s influence in Caspian Sea waters.
The Alliance and New Exploration Contracts in the Caspian Sea
The new Production Sharing Agreement grants the Malaysian subsidiary a 100% stake in offshore blocks 19 and 20. Consequently, the company gains access to previously unexplored areas in the region. Likewise, the signed agreement contemplates the execution of two-dimensional seismic surveys within the northern blocks, optimizing the collection of subsurface geological data.
On the other hand, government representatives from both nations formalized a long-term cooperation framework oriented toward mutual benefit. This pact encompasses the analysis of the Galkynysh field, gas processing, and the production of chemical derivatives. Similarly, technical authorities foresee the modernization of local oil refining systems.
Regarding institutional validity, the official ceremony received explicit support from Turkmen President Serdar Berdimuhamedov. In parallel, PETRONAS executives stated that these contracts demonstrate the viability of advanced technical cooperation. The company seeks to ensure regional supply through responsible and sustainable projects.
The company’s presence includes ongoing knowledge transfer programs. Over the past three decades, the firm has trained 235 local technical specialists and awarded academic scholarships to 188 students at Malaysian institutions. These actions have facilitated the development of qualified workforce in Turkmenistan.
Finally, operational records confirm that local citizens constitute approximately 90% of the subsidiary’s active workforce. Currently, the organization generates more than one thousand direct jobs in the country, driving the internal economy through lasting corporate alliances.
