Dragon Oil opens its largest regional office in Turkmenistan

Dragon Oil Company, wholly owned by the Dubai Government, opened its largest regional office outside the country in Ashgabat, the capital of Turkmenistan, in the presence of a high official delegation from the Turkmenistan Government, led by Guvanch Agajanov, Chairman of the SC Turkmennebit.

The opening ceremony was attended by Rashid Al Jarwan, CEO of Dragon Oil, Maksat Pirliyev, General Director of NAPECO, Deputy Ambassador of the UAE to Turkmenistan, Sulaiman Al Zahmi, high officials representing Petronas Turkmenistan, Mitro International and other companies.

The new office represents an important step for the company to achieve the established strategic goals, such as entering the blue hydrogen industry by 2029 and increasing its investments by increasing the oil production capacity in the Turkmen market, which currently amounts to about 60,000 barrels per day, or through projects related to renewable energies.

Dragon Oil aims to raise its production, which currently stands at 180,000 barrels to 250,000 barrels per day with the natural growth of site production at the end of 2025, with Turkmenistan paying great attention to this expected increase.

Al Jarwan said, "The opening of the company's regional office in Turkmenistan is the result of more than 20 years of presence here. Today we are launching a new chapter of serious and fruitful cooperation between our two countries, and it is also an affirmation of the strategic partnership that brings us together."

He added, "Turkmenistan is one of the oldest countries in which oil was discovered. It is a rich country that possesses huge reserves of oil and gas. It is an important destination in the oil sector. Through the new office, we aim to enhance cooperation. Moreover, it is a true example of the strong friendship that brings together the UAE and Turkmenistan, which is moving at a rapid pace.