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Over the past 25 years, Dragon Oil has invested more than $11 billion in its projects in Turkmenistan, according to Said Al Shamsi, the company’s Director of Marketing and Government Relations. His statement came during the Turkmenistan Investment Forum in the Avaza National Tourist Zone.
During this period, the company has extracted over 440 million barrels of oil, showcasing the stable and productive nature of the partnership.
Dragon Oil has also allocated over $250 million to social and cultural projects, including initiatives in education, health, sports, and culture — reflecting its long-term commitment to supporting local communities.
Al Shamsi noted that over 93% of the company’s 2,200+ employees in Turkmenistan are local citizens, emphasizing the company’s focus on national workforce development.
Dragon Oil has been operating in Turkmenistan since 2000 under a Production Sharing Agreement (PSA), focusing on hydrocarbon development in the Cheleken Contract Area of the Caspian Sea.
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Turkmenistan Startup and Innovation International Forum – 2025 to Be Held within TurkmenTEL-2025
Ashgabat will host the Turkmenistan Startup and Innovation International Forum – 2025, organized by the Ministry of Communications of Turkmenistan in cooperation with the United Nations Development Programme (UNDP).
The event will serve as a platform for presenting the Roadmap for the Development of Turkmenistan’s Innovation and IT Ecosystem, as well as for discussing the next steps in engaging stakeholders from government agencies, the business community, and international development partners.
Among the speakers will be Bagrat Yengibaryan, an international expert from UNDP, who will highlight key areas of cooperation and share global experience in digital innovation and startup development. The forum aims to strengthen collaboration between public and private sectors, exchange knowledge, and promote partnerships in the field of digital technologies.
The event will conclude with a session titled “Opportunities for Regional Cooperation in Developing the Startup Ecosystem in Central Asia”, where startup projects from across the region will be presented. Participants will showcase innovative solutions that foster partnerships and advance joint ICT and innovation initiatives.
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