Chevron in Talks with Turkmenistan

Turkmenistan’s new president has invited Chevron to work in the energy-rich Caspian Sea, government-controlled media reported Friday, as international competition intensifies over access to one of Central Asia’s biggest energy producers.

President Gurbanguli Berdymukhamedov made the proposal Thursday at a meeting with visiting Chevron Corp. executives, the reports said. It may signal a change from the policy of his predecessor, Saparmurat Niyazov, who allowed limited foreign access to the country’s vast oil and gas deposits.

rigzone