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French Total Company stands ready for cooperation with Turkmenistan

November 26/2010

(Trend) -- Any form of cooperation with Turkmenistan will be suitable for French Total Oil and Gas Company, said Total CEO Christophe de Margerie at a meeting with President Gurbanguly Berdimuhamedov.


Total holds talks in Turkmenistan on the details of a Production Sharing Agreement (PSA) to develop the Turkmen sector of the Caspian Sea, which is prepared to be signed.


The head of Total said that "he believes perspective the cooperation with Turkmenistan, particularly in view of initiated fundamental changes, particularly in the energy sector." De Margerie also noted the huge resource potential of Turkmenistan and the "investment climate".


Total, the fifth largest publicly-traded integrated international oil and gas company and a world-class chemicals manufacturer, operates in more than 130 countries and has 96, 387 employees.


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French Total Company stands ready for cooperation with Turkmenistan

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