Monday, 11 October 2010

Turkmenistan's President sacks head of Turkmengaz

Turkmenistan's President Gurbanguly Berdymuhamedov has sacked the head of Turkmengaz, Nuri Muhamedov, for a series of professional oversights at work. Berdymuhamedov said his decision was based on Muhamedov, "serious miscalculations in work".

The dismissal came shortly after criticism from Berdymuhamedov over the low rates of construction of the new pipelines and slow development of new oil fields. Turkmengaz is a 100 per cent state owned company and the largest Central Asia company engaged in producing and supplying natural gas.

Oil and gas exports account as the main source of revenue in Turkmenistan's state budget. The country delivers gas to Russia, China and Iran and plans to supply fuel to Europe as part of the Nabucco project.

Source: O & G Information Agency

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