The lower chamber of the Tajikistan parliament has ratified an Additional Agreement between the government, CNPC Central Asia B. V., and Total E&R Tajikistan B. V., as announced by the chamber's press service.
This new agreement marks the fifth amendment to the Production Sharing Agreement signed on June 13, 2008, between the government and Kulob Petroleum Limited. Under this name, a company operated in the republic, which was a subsidiary of the Canadian oil and gas corporation Tethys Petroleum Limited.
The ratification of this agreement signifies a continued collaboration between Tajikistan and the international energy companies, aiming to enhance the country's oil and gas sector. This step is expected to bring mutual benefits and further strengthen the partnership between the involved parties.
The agreement reflects the commitment of all parties involved to foster economic development and create opportunities for investment and growth in Tajikistan's energy industry. It also demonstrates the country's efforts to attract foreign investment and expertise to support its energy sector's development.
Overall, the ratification of the new agreement is a positive development for Tajikistan's energy sector and signals a promising future for collaboration with international partners in the field of oil and gas exploration and production.
