Eni ready to diversity its projects in Turkmenistan

Economy 18:32 07.11.2019

Eni Vice President for Central Asia Luca Vignati said at the Turkmenistan-Italy business forum that the company invested more than $2 billion in its Turkmen project, Eurasia Diary reports citing AKIpress.

The company extracts over 2,000 tons of oil a day there now.

Luca Vignati said Eni is ready to diversify its projects in Turkmenistan. Renewable energy sources can be one of such new projects, he said.

Eni started its activities in Turkmenistan with the purchase of the British company Burren Energy plc in 2008. Activities are focused on the onshore Nebit Dag Area in the western part of the country, over a developed acreage of 200 square kilometers (180 square kilometers net to Eni), in four areas. In 2018, Eni’s production averaged 11 kboe/d. Production derives mainly from the Burun oil field.

Oil is shipped to the Turkmenbashi refinery plant. Eni receives, by means of a swap arrangement with the Turkmen authorities, an equivalent amount of oil at the Okarem terminal, close to the south coast of the Caspian Sea. The remaining amount is delivered to the national oil company Turkmenneft, via national grid.

IEPF issued a statement regarding Azerbaijani children at the UN Human Rights Council

News line

Spain voices concern over Iran's suspension of cooperation with UN nuclear watchdog
23:35 03.07.2025
Pope Leo can play important role in improving US-North Korea ties, says Cardinal Lazzaro You
23:00 03.07.2025
UN rapporteur on occupied Palestinian territory says accountability needed over killings of aid-seekers in Gaza
22:35 03.07.2025
Gaza ceasefire proposal calls for release of 10 Israeli hostages, includes US assurances to end war Report
22:00 03.07.2025
Australian man dies from 'extremely rare' bat bite virus
21:30 03.07.2025
Armenia restarts constitutional reform talks
21:15 03.07.2025
Azerbaijani wrestler crowned European champion
21:00 03.07.2025
Azerbaijani boxer qualifies for World Cup semifinals
20:30 03.07.2025
Liverpool rejects Bayern Munich's approach for Diaz
20:00 03.07.2025
President Ilham Aliyev inspected site designated for Khankandi-Shusha cable car construction
19:35 03.07.2025
Presidents of Azerbaijan and Uzbekistan review operations of Businesstex JV sewing factory in Khankandi
19:20 03.07.2025
Deputy Prime Minister of Afghanistan to attend 17th ECO Summit in Khankendi
19:15 03.07.2025
Pakistani Prime Minister Muhammad Shehbaz Sharif begins visit to Azerbaijan
19:00 03.07.2025
Cyberattacks on Azerbaijani state bodies slightly rising
18:45 03.07.2025
Height of the Victory Arch in Khankandi to be 44 meters
18:15 03.07.2025
Nigerian minister to attend 17th ECO Summit in Khankandi
18:00 03.07.2025
President of Uzbekistan Shavkat Mirziyoyev arrives in Fuzuli district
17:45 03.07.2025
Opening ceremony of Khankandi Congress Center held
17:30 03.07.2025
China ready to sign nuclear-weapon-free zone treaty
17:15 03.07.2025
President of Turkish Republic of Northern Cyprus arrives in Fuzuli district
17:00 03.07.2025
President Ilham Aliyev attends opening of Khankandi Business Center
16:45 03.07.2025
Turkish president to visit Khankandi on July 4
16:30 03.07.2025
Iran calls negotiations with European countries 'meaningless'
16:15 03.07.2025
President of Azerbaijan Ilham Aliyev receives Deputy Chairman of Turkmenistan’s Cabinet of Ministers in Khankandi
16:00 03.07.2025
Scorching European heatwave turns deadly in Spain, Italy and France
15:45 03.07.2025
National Defense University hosts training as part of NATO programme
15:30 03.07.2025
3 killed, 16 injured in mass shooting at Chicago nightclub
15:20 03.07.2025
China is not US, and challenges to Europe won’t come from Beijing: Top diplomat
15:15 03.07.2025
Russia restricts access to Azerbaijani news websites
15:00 03.07.2025
2 killed, 11 injured in Russian strikes in Ukraine's Poltava
14:45 03.07.2025
Trump may arm Israel with US B-2s, bunker busters
14:30 03.07.2025
Foundation stone laid for Khankandi Railway and Bus Terminal Complex
14:20 03.07.2025
Baku, Kabul mull development of Lapis Lazuli corridor
14:15 03.07.2025
Azerbaijani deputy FM mulls areas of cooperation with Afghan counterpart
14:00 03.07.2025
Israeli president receives new ambassador to Azerbaijan
13:50 03.07.2025
5US lifts chip software curbs on China amid trade truce
13:45 03.07.2025
Tajikistan and Saudi Fund for Development set to expand project financing
13:30 03.07.2025
S. Korean President vows to improve relations with N. Korea based on cooperation with US
13:10 03.07.2025
Politico: Ukraine expects Europe to buy weapons for it from US
13:00 03.07.2025
State Department: Bringing Russia-Ukraine war to end remains Trump's priority
12:45 03.07.2025
Hamısı