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.
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