Company facing difficulties amid remote nation’s economic woes. Executive reportedly threw himself from window of top Ashgabat hotel.
Turkmenistan has halved its oil exports in recent weeks due to a lack of tankers caused by a clash between Swiss trading house Vitol and Azerbaijan’s SOCAR, Reuters reported last week, citing anonymous traders.
Uzbek, Turkmen efforts have helped bring the militants to the table. Rewards from pipeline, power transmission projects possibly up for grabs.
Providing Uzbeks with link to Caspian Sea seen as main prize in $2.3bn project.
We see oil prices trending higher in 2019, with the view that OPEC+ cuts are sufficient to return the market to balance over 1H19