Dragon Oil Invests Over $11 Billion in Turkmenistan Projects
19.09.2025
Over the past 25 years of its operations in Turkmenistan, Dragon Oil has invested more than $11 billion in the country’s projects, said Saeed Al Shamsi, General Manager for Marketing and Government Relations at Dragon Oil, during the Turkmenistan Investment Forum 2025 (TIF 2025) on Thursday in Avaza, ORIENT reports.
During this period, cumulative production has exceeded 440 million barrels, underscoring the sustainable development of the partnership.
Al Shamsi highlighted the importance of the company’s social programs, noting that over $250 million has been allocated to support education, culture, sports and healthy lifestyle initiatives — a reflection of Dragon Oil’s long-term commitment to the development of local communities.
According to him, one of the key indicators of successful cooperation is the company’s personnel policy: 93 percent of Dragon Oil’s more than 2,200 employees in Turkmenistan are Turkmen nationals.
Dragon Oil has been engaged in oil and gas cooperation with Turkmenistan under a Production Sharing Agreement (PSA) since 2000. The company’s main area of activity is hydrocarbon production in the Caspian Sea, particularly within the Cheleken contractual area.
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