Arab Today, arab today turkmenistan south korea to boost economic cooperation
Last Updated : GMT 23:49:03
Arab Today, arab today
Arab Today, arab today

Turkmenistan, South Korea to boost economic cooperation

Arab Today, arab today

Arab Today, arab today Turkmenistan, South Korea to boost economic cooperation

Turkmenistan President Gurbanguly Berdymukhammedov
Seoul - QNA

The governments of Turkmenistan and South Korea have agreed to expand economic ties in the private sector by setting up a special committee on new areas of cooperation, Korea’s Yonhap news agency reported citing the Korean government.

The agreement, reached at the fifth bilateral cooperation meeting in Seoul, calls for the committee made up of both government and private sector representatives to meet and determine future areas of business cooperation, according to South Korea’s Ministry of Trade, Industry and Energy.

The move comes after Korea’s Hyundai Engineering Co. and LG International Co. yesterday said that they have "in effect" clinched a combined $4.8 billion worth of deals to improve and build plants in Turkmenistan.

The consortium led by the two companies is expected to sign a $940 million contract with Turkmenistan's state oil company next Monday to modernize Turkmen oil refineries, the Korean companies said.

The deal is designed to construct facilities that remove sulfur from gasoline and diesel produced by the refinery located some 500 kilometers northwest of the Turkmen capital Ashgabat. The project will take 42 months to be completed.

The consortium also plans to sign a framework agreement with Turkmenistan’s state gas company to build a gas-to-liquid plant. The $3.89 billion plant to produce naphtha by processing natural gas will be located near Ashgabat.

The deals are to be signed during Turkmenistan President Gurbanguly Berdymukhammedov’s four-day visit to South Korea, which will start on Saturday.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today turkmenistan south korea to boost economic cooperation Arab Today, arab today turkmenistan south korea to boost economic cooperation

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today turkmenistan south korea to boost economic cooperation Arab Today, arab today turkmenistan south korea to boost economic cooperation

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday