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Wednesday, May 31, 2006

U.A.E. invited to develop Turkmen oil

ASGABAT, Turkmenistan, May 31 (UPI) -- Turkmen President Saparmyrat Turkmenbashi has invited oil companies from the United Arab Emirates to develop a Caspian Sea oil deposit, Turkmen TV reported.

The Turkmen president met with a delegation from the United Arab Emirates, including the ruler of Ra's al-Khaymah, Qasimi Shaykh Saqr Bin-Muhammad, and representatives from the Gulf country's oil and banking establishment, in Asgabat Monday, where the development of a Caspian Sea oil deposit and the upgrading of the country's eastern Seydi oil refinery were discussed.

"The Yaslar deposit (in south-eastern Turkmenistan) has not been developed yet. Its oil contains sulfur, and it just needs purification. A plant for purifying crude oil from sulfurs should be built there," Turkmen TV quoted the president as saying.

Qasimi was cited as having said that he looked forward to the prospect of expanding the work done by the United Arab Emirates Dragon Oil Company in Turkmenistan; the company already operates in western Turkmenistan, also in the Caspian Sea.

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