Middle East Economic Survey

VOL. LIII

No 16

19-April-2010

CASPIAN

RWE Opens Office In Ashgabat, Moves Ahead With Offshore Block 23

Germanys RWE Dea has officially opened its office in Turkmenistan, where in April 2009 it signed a production sharing agreement (PSA) with the Turkmen authorities for the offshore Block 23 (MEES, 27 April 2009). The office was opened during the course of an oil and gas conference in Ashgabat. RWE Dea board member Ralf Baben said in a statement: Turkmenistan will play...