USAID Supports Local Content in the Turkmen Oil and Gas Sector

Today, the United States Agency for International Development (USAID), in partnership with the Government of Turkmenistan and with the support of Chevron Corporation, launched a workshop entitled “Increasing Local Content in Production Sharing Agreements and Servicing Contracts.” During this intensive four-day event, 20 participants representing the Ministry of Oil and Gas Industry, State Agency for Management and Use of Hydrocarbon Resources, Turkmengaz State Company, Turkmennebit State Company, and Turkmengeologiya State Corporation will learn about different types of policies aimed at increasing local content—local equipment and service provision—as well as about the benefits, shortcomings and assessments of effectiveness of such policies. In particular, the workshop will focus on analyzing specific case studies from other countries, including cluster development initiatives and technology and knowledge spillovers. By the conclusion of the seminar, participants will identify recommendations for further improving policies to increase local content in Turkmenistan.

This training is one of the many activities made possible by the American people through USAID in Turkmenistan. Since 1992, USAID has provided nearly $100 million for programs that support Turkmenistan’s economic growth, social sector, and community initiatives.