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,.
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,