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Japan Builds Startegic Relations

Oil and gas equipment contracts worth nearly $60 million...

Turkmenistan's President, Saparmyrat Nyyazow, and the head of Japan's Itochu Corporation, Minoru Murofushi, have signed contracts to deliver special equipment worth a total of $59 million for the Turkmen oil and gas sectors and the Ministry of Water Economy.

"High quality Japanese equipment meets the demands of developing the leading sectors of the Turkmen economy," Saparmyrat Nyyazow said when signing the contracts. A total of 148 pieces of special equipment will be delivered this year for the oil and gas sectors. A total of 50 bulldozers and 50 excavators will be procured for enterprises under the Ministry of Water Economy.

"Equipment envisaged in the contracts will be delivered by the Komatsu company. This is envisaged in a long-term agreement signed in 2002 by the Turkmen government, Komatsu and Itochu Corporation on long-term cooperation in the field of supplies and maintenance of Komatsu road-building equipment in Turkmenistan," said Murofushi, who is the co-chairman of the Turkmen-Japanese commission for economic cooperation.