Thursday, May 17, 2012 -
American conglomerate Honeywell said Wednesday it forged a deal with U.S. firm Intek to provide regulation systems for Turkmenistan’s gas industry.
The deal signed between Honeywell and Intek, a leading system integrator in Turkmenistan, is aimed at providing technology and expertise for gas metering and regulation solutions to the republic’s key industry.
With its vast reserves of natural gas placing it fourth in the world for volume of supplies, Turkmenistan is Central Asia's top producer and exporter of the fuel.
“Through our close collaboration we can meet the requests of Turkmenistan’s gas industry and offer customers complete solutions from front-end engineering to operations and maintenance services,” Intek deputy general manager Michael Shabasanov was cited by the gasworld.com website as saying.
The two companies have collaborated on several projects within the former Soviet country over the last five years or so.
Among the joint initiatives, Intek and Honeywell implemented three metering stations for pipelines, each with a capacity of 40-60 million cubic meters of gas.
Honeywell Process Solutions business operations director Umesh Patel said the new agreement represents the Fortune 500 company’s commitment to furthering its investments in Turkmenistan.
“Honeywell Process Solutions is well known for its commitment to technology leadership and quality products,” said Michael Shabasanov, Intek deputy general manager.