Turkmenneft signs Caspian cooperation deals with CNOOC, Malaysian Petroleum Resources

Turkmenneft signed three contracts and two memorandums with foreign firms at OGT 2026, including a Caspian block cooperation memorandum with CNOOC and an oilfield services MOU with Malaysian Petroleum Resources. The deals signal Turkmenistan's intent to attract foreign investment in its offshore and services sectors, though specific terms and block details remain undisclosed. This could expand Caspian energy development and diversify Turkmenistan's export partnerships.

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