Shell to Close Offices in Turkmenistan

Shell intends to close its offices in Turkmenistan. Shell says that it sees no prospects for partaking in any real projects in the country's fuel and energy sector, including the building of the Trans-Afghanistan gas pipeline. Several years ago, opening its offices in Ashgabat, Shell saw Turkmenistan's oil and gas potential in a very positive light. The company and government formed an alliance in the field of geological prospecting and developing hydrocarbon resources.

In 1997, Shell headed a consortium for the building of the Turkmenistan-Turkey-Europe pipeline and called for running a pipeline through Iran, which the U.S. State Department categorically rejected. Shell was also a participant in a project for building a Trans-Caspian gas pipeline, which was to have run from Turkmenistan to Turkey along the Caspian Sea floor and through Azerbaijan.