21.8 C
Monday, March 4, 2024

Turkmenistan Welcomes Dragon Oil’s Largest Regional Office Opening

Dragon Oil, a government-owned entity in Dubai, celebrated the opening of its largest regional office in Ashgabat, Turkmenistan. This momentous occasion, attended by top officials from the Turkmenistan Government, signifies Dragon Oil’s strategic objectives, including venturing into the blue hydrogen industry by 2029 and elevating investments for augmented oil production in Turkmenistan. The company, currently producing 60,000 barrels per day, aims to increase its output from 180,000 to 250,000 barrels daily by the close of 2025. The new office is a testament to the enduring strategic partnership between the UAE and Turkmenistan.

CEO’s Vision for Growth and Collaboration: Dragon 

Rashid Al Jarwan, Dragon Oil’s CEO, highlighted the significance of the regional office’s establishment, representing over two decades of the company’s presence in Turkmenistan. The office, with its comprehensive management setup, is poised to enhance collaboration and cater to the needs of the company’s 2,000 employees in Turkmenistan. Al Jarwan detailed Dragon Oil’s commitment to boosting oil production, with plans to eliminate gas burning entirely by 2027, contributing to sustainability and reduced carbon emissions. The company’s initiatives also extend to marine environmental protection. Al Jarwan expressed confidence in progress and prosperity, underscoring unwavering support from the leadership of both countries and their commitment to fostering positive partnerships.

Also Read

Abu Dhabi Unveils Additional Emergency Rescue Stations Across the Emirate-1

“Galadari Automobiles Hosts Complimentary Service Drive for Mazda Customers”

Related Articles

Sharjah’s Powerful $750 Million Sustainable Bond Issuance

Sharjah's Triumphant $750 Million Sustainable Bond Launch The Government of Sharjah has achieved a significant milestone with the successful issuance of a $750 million 12-year...

UAE Achieves a Pioneering Economic Milestone, Thriving Prosperity

UAE Economy Achieves Unprecedented Milestone The United Arab Emirates (UAE) has achieved a significant milestone in its economic diversification journey, marking what officials are calling...

Vitaliy Chiryassov: Aspiring to Streamline the Business Consulting Industry in the UAE 14567

Vitaliy Chiryassov: Aspiring to Streamline the Business Consulting Industry in the UAE In this interview, we're talking with Vitaliy Chiryassov, an entrepreneur who operates multiple...

International Jewellery Summit Sparkles in Dubai , Dazzling Unity

International Jewellery Summit in Dubai, The anticipation and excitement are palpable as the stage is set for the upcoming India Gem & Jewellery Show in...

Emirates Development Bank’s Impact on UAE Industrial GDP: A Catalyst for Economic Growth

Emirates Development Bank Empowers UAE's Industrial Growth with Boost to GDP Contribution Since the launch of its strategy in 2021, Emirates Development Bank (EDB) has...

Latest Articles