海角吃瓜网

Dragon Oil 海角吃瓜网� an independent international oil and gas exploration, development and production business based in Dubai 海角吃瓜网� has discussed the possibility of investing US$10 billion in a natural gas pipeline from Turkmenistan to India.

TAPI

The Trans-Afghanistan (TAPI) pipeline project has had a lengthy delay due to numerous challenges, such as a lack of security and price-fixing. However, Turkmen President Gurbanguly Berdymukhamedov has stated that on 13 December a ceremony will take place to mark the construction of the pipeline.

Yet, despite beginning construction soon, a private-sector partner has yet to be decided upon.

ExxonMobil, Chevron and Total all pulled out of the project due to the declining oil prices and Turkmenistan海角吃瓜网檚 insistence of holding onto its rights to its gas reserves.

State company Turkmengas is the project leader of the operation.

Dragon Oil

The General Manager for Dragon Oil in Turkmenistan, Faisal Rabee Al Awadhi, stated that discussions on the TAPI project have 海角吃瓜网渂een ongoing for a long time. But now it海角吃瓜网檚 very serious, things have been signed between the countries. That海角吃瓜网檚 why we have shown our interest to go in.海角吃瓜网�

Finance

The TAPI project will begin searching for financing in 2016 after Turkmenistan, India, Afghanistan and Pakistan have initialled the deal.

It has been stated that Turkmengas is seeking to sell up to 34%, thus reducing its stake to 51%.

Al Awadhi said that Dragon Oil海角吃瓜网檚 discussions with the Turkmen government were at an early stage so they had not determined the size of any potential stake. Other investors might include Japanese and Korean companies.

However, many are still skeptical about the pipeline being built after such a prolonged delay.

Additional information

Dragon Oil produces approximately 100 000 bpd of oil from an offshore field in Turkmenistan. However, Al Awadhi stated that should it have access to an export route, it could 海角吃瓜网渆asily海角吃瓜网� produce 300 million ft³/d (approximately 3.3 billion m³/y).

Edited from various sources by

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