22 October 2013
India’s leading construction and engineering firms, including Larson & Toubro and Punj Llyod, are planning to undertake projects worth billions of dollars in Turkmenistan.
In a visit to Ashgabat, the CEO of Larson & Toubro met with Turkmenistan’s deputy prime minister and other senior officials to discuss the company’s plans to build a series of overseas oil and gas platforms in the Turkmen sector of the Caspian Sea.
A note from the Indian Embassy in Turkmenistan to Indian government authorities said that L&T has made a strong bid for the supply of three overseas platforms in the Caspian for UAE-based company Dragon Oil, as well as a gas processing plant for Dragon, which is currently producing 70,000 barrels of oil in Turkmenistan.
Indian construction firms are hoping to secure large contracts in Turkmenistan (Wikimedia Commons)
L&T would partner with Turkish Company, Ronesans, for the civil construction part of the job.
The note added that Punj Lloyd chairman, Atul Punj, had also made a visit to Turkmenistan to discuss any available opportunities including ones relating to the building of the Trans-Afghanistan Pipeline project. This would transport Caspian Sea natural gas from Turkmenistan through Afghanistan into Pakistan and finally to India.
Source: The Hindustan Times