Tuesday 05 July 2022 - 4:46:22 am
Business
2022 Jul 04 Mon, 11:26:45 pm

Dragon Oil signs extension of partnership contract in Turkmenistan for ten additional years

DUBAI, 4th July, 2022 (WAM) -- Dragon Oil, an exploration and production platform totally owned by the Government of Dubai, has renewed the partnership contract in Turkmenistan with the state-owned company, Turkmen Oil, until May 2025, for a period of ten additional years with a total value of US$1 billion. US$500 million will be paid in cash, while the remaining US$500 million will be paid over the next 13 years, which includes the company's commitment towards the support of the Turkmen government's projects, community development,...