Turkmen president to visit Russia in November

By  Trend

Turkmenistan’s President Gurbanguly Berdimuhamedov will visit Russia on Nov. 1, the Turkmen Foreign Ministry said Oct. 28.

More than 100 agreements covering all spheres of cooperation have been signed between the two countries. The base document is the agreement on friendship and cooperation, dated Apr. 23, 2002.

Russian business operates successfully on the Turkmen market, in such spheres as supply of machines and equipment, telecommunications, oil and gas.

Some 190 companies with Russian capital operate in Turkmenistan. On the basis of the production sharing agreement, ARETI (formerly ITERA) International Group of Companies has been operating in the Turkmen sector of the Caspian Sea since 2009.

Meanwhile, Russia’s Gazprom, the traditional trading partner, stopped buying Turkmen gas in 2016.