Tatneft company started to repair tubing pipes of its oil field in Turkmenistan in order to expand it oil field services.

Production in the joint field has a massive role in ensuring natural gas supplies to Iran.

The upstream investment arm of Dubai state-owned ENOC, Dragon Oil, plans to invest $500 million in oil and gas assets next year, chief executive Ali Rashid al-Jarwan said.

Topez Energy and Marine secured a contract to supply Dragon Oil Turkmenistan with six vessels.

Turkmenistan has limited natural gas supplies to Iran starting January over unpaid past deliveries.

Naftiran Intergraded Company Sàrl, Swiss-based subsidiary of the National Iranian Oil Company (NIOC), and France's Total will sign oil swapping deal for around 200,000b/d.

Iran can swap up to 120,000 b/d of crude oil, which can be enhanced to over 1.5 mb/d in the future, with its northern neighbors at North Oil Terminal.

Turkmenistan's President, Gurbanguly Berdimuhamadov, has signed a decree to establish Turkmen National Oil and Gas Company (NAPECCO) in accordance with the country's Development Program for the industry until 2030.

Turkmenistan has began construction works on a $10b natural gas pipeline project designed to provide up to 33bcm/year of gas from the Galkynysh gas field to Afghanistan, Pakistan and India (TAPI).

A spokesman for Russia’s Gazprom confirmed Friday that the corporation has filed a case against Turkmengaz, Turkmenistan’s state gas company, at the international arbitration court in Stockholm, Sweden. According to Reuters, the spokesman said that “A lawsuit has been filed in Stockholm. The demand: a revision of prices.”