Turkmenistan selects U.S. majors for oil projects

ASHGABAT, Aug 13 (BestGrowthStock) – Turkmenistan is preparing to
offer U.S. energy majors their first concessions to develop
offshore oil deposits in the Central Asian state, state
television reported on Friday.
U.S. firms Chevron (CVX.N: ), TX Oil and ConocoPhillips
(COP.N: ) were selected by President Kurbanguly Berdymukhamedov to
develop blocks 9 and 20 in the Turkmen part of the Caspian Sea,
along with Abu Dhabi-based Mubadala Oil and Gas, state
television said.
(Reporting by Marat Gurt, writing by Robin Paxton; editing by
Maria Kiselyova)

Turkmenistan selects U.S. majors for oil projects