State-run concern Turkmennebit (Turkmenneft) plans to conclude a contract with Italian ProBusiness S.r.L at the expense of its own funds, reported Trend quoting the Turkmenistan Ministry of Oil & Gas Industry and Mineral Resources.
Turkmenneft plans to buy 2424 tons of drilling pipes of various types for the drilling and repair works on the oil and gas fields.
Turkmenneft occupies a leading place in Turkmenistan’s economy and is involved in production of oil and gas, chemical products, stone and bentonite. The concern has established cooperation with various foreign companies to drill oil and gas wells, repair and upgrade equipment on the oil and gas fields and oil pipelines and to build new pipelines.
The concern is not only involved in the drilling works on the fields, but it also performs geological exploration on the new sites. From time to time it invites tenders to buy required equipment and chemical agents.
During the period of independence the concern has managed to increase oil production from 5 to 8 million tons a year and gas – up to 11,600,000 cub.m.
