Ministry of Trade, Industry and Energy

Minister of Trade, Industry and Energy of the Republic of Korea Dukgeun Ahn and Deputy Chairman of the Cabinet of Ministers of Turkmenistan for Construction and Industrial Complex Baymyrat Annamammedov held Korea-Turkmenistan high-level talks in Seoul on April 18 and discussed bilateral plant cooperation.

Prior to the talks, a signing ceremony for the Framework Agreement on a mineral fertilizer plant project, worth 700 million US dollars, was held. This project will be commissioned by “Turkmenhimiya” State Concern and Korea’s Daewoo E&C will participate as a contractor. Once completed, the plant will process phosphorus extracted from mining phosphate rocks in the Türkmenabat region to produce fertilizers, which is anticipated to help improve Turkmenistan’s industrial and agricultural productivity and diversify the country’s export portfolio.
 

During the high-level talks, Minister Ahn proposed a swift conclusion of the final agreement for the Türkmenabat mineral fertilizer plant project and requested the Turkmen government’s support for Korean companies to ensure their participation in additional plant projects going forward.