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TATNEFT & Turkmennebit Signed a Memorandum of Understanding

Source: www.gulfoilandgas.com 6/24/2019, Location: Asia

TATNEFT Company and the State Concern “Turkmennebit” signed a Memorandum of Understanding. The document was signed during the working visit of Gurbanguly Berdimuhamedov, President of the Republic of Turkmenistan, to Tatarstan. The signatures under the Memorandum defining the principles and areas of cooperation were affixed by Nail Maganov, General Director of TATNEFT Company, and Dzhaparguly Orazov, Acting Chairman of the State Concern “Turkmennebit”.

The signed document shall allow expanding cooperation between the companies in utilizing effective technologies and competencies of TATNEFT at the fields of “Turkmennebit”. The plans provide for the development of partnership relations in drilling of oil and gas wells, sidetracking, provision of material and technical resources in the area of enhancing crude oil production, etc.

Forward-looking statements: This press release contains statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. PJSC TATNEFT shall assumes no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.

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