Dragon Oil Company, wholly owned by the Government of Dubai, has signed a Memorandum of Understanding (MoU) with Turkmenbet Company (Turkmenistan Oil), expanding its investments in the Turkmen oil and gas sector, including three new oil fields within Block 19, stated Emirates News Agency (WAM).
Touching on the agreement, Saeed Mohammed Al Tayer, Chairman of the Board of Directors of Dragon Oil explained that the memorandum will enable the company to transfer technology and modern technology in the oil sector while making technical and financial investment to develop the fields…
