Turkmenistan plans to attract investors for the TAPI Project

in Afghan Business

Turkmenistan plans to attract investors for the TAPI Project

Turkmenistan’s government says they are making efforts to attract foreign investors for extending a new gas pipeline project that will connect Central Asia with South Asia.

Some analysts are skeptical of the TAPI (Turkmenistan, Afghanistan, Pakistan and India) pipeline project that is supported by the Asia Development Bank.

But, the U.S. has embraced this project and believes that the project will help to develop regional peace and economy.

Turkmenistan’s newspaper, Neitralny, reported that the country’s Deputy Prime Minister Yageshi Gildi Kakayuf announced the planning of the new project in a series of meetings on Friday with representatives from major oil and gas companies and international financial institutions.

Mr. Gildi said that discussion on financial issues regarding the TAPI project and creation of a consortium or coalition of several companies is considered to take place in September and October of this year.

TAPI project will be introduced in the main business and financial centers of South Asia, which are Singapore, New York and London.

In addition to the Asia Development Bank, various other interested companies will also participate in the meetings on the introduction to the project.

Turkmenistan is the fourth richest country in the world in terms of its natural gas resources.

The country signed the TAPI project submission contract with Pakistan and India in May of this year.

TAPI pipeline is 1,700 km long and transfers gas to Pakistan and India through Afghanistan.



Related Articles

The Republic of Korea’s USD 50mn aid to LOTFA

Korean Ambassador to Afghanistan Seong-doo Ahn committed USD 50mn worth of aid on his country’s behalf for the improvement of

ADB appoints first female director in Pakistan

The Asian Development Bank (ADB) has appointed Chinese national Xiaohong Yang as the new Country Director for Pakistan– Yang is

Nearly 20,000 animals hit by drought in Nimroz province

The prolonged dry weather has hit the livestock of thousands of households in the Kang district of southwestern Nimroz province

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.

cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china