MITRO INTERNATIONAL LIMITED (AUSTRIA)/TURKMENNEBIT CONSORTIUM
(THE KHAZAR CONSORTIUM)
Company Information
According to Turkmenistan Analytic magazine:
Mitro International was established in 2000 to operate in the oil and gas sector, particularly in deposit scanning and exploration development. The company has run a registered representative office in Turkmenistan since 2001, when Pado Oil and Chemical S.A. Corporation transferred all its contractual rights and obligations on PSA Khazar project to Mitro and the company became a full member of the long-term oil and gas project. According to the Agreement, Mitro International holds a 100% stake in the Khazar contractual territory.[i]
Contact Information
Mitro International Ltd.
Ulitsa Antaliba 50/1, 3rd Floor
Ashgabat, Turkmenistan, 744000
T: +993 12 45 60 95
F: +993 12 45 60 96
E-mail: asbmitro@nullasb.mitro-int.com
Mitro International has no website.
History in Turkmenistan
In 2000, the state concern Turkmennebit (operator) and Austria’s Mitro International Limited were awarded a PSA to develop the onshore Khazar project in western Turkmenistan.[ii]
In 2002, the consortium began a five to six year program to drill a minimum of thirty production wells at the East Cheleken field.[iii] According to one report, the consortium extracted 307,000 tons of oil in 2002, and expected to produce 400,000 tons in 2003.[iv]
In December 2007, Mitro’s CEO, Boris Levenstein, met with Berdymukhamedov in Ashgabat, providing him with an update on his company’s operations in Turkmenistan and expressing Mitro’s readiness to participate in the development of offshore reserves.[v] One analysis of Turkmenistan’s oil sector states that Mitro International was producing “7,000 bbl/d from the East Cheleken onshore fields” as of February 2008.[vi]
Throughout 2010-2011, Mitro International and the state concern Turkmennebit have announced tenders for contracts as part of the PSA: a May 2010 tender for equipment,[vii] a September 2010 tender for infrastructure design and construction at its well site,[viii] and a January 2011 tender for a corporate data network.[ix]
Current Scope of Operations
Accroding to Orient News, the Khazar project has produced over 5,900,000 tonnes of crude oil as of August 2021. The project has over 70 active wells and there are plan to increase production rates through hydraulic fracturing and electrically driven centrifugal pumps in the near future.[x]
Mitro International was a bronze sponsor of the 2010 and 2021 Turkmenistan International Oil and Gas Conference.[xi]
Financial Disclosure
According to the United States’ 2008 Investment Climate Statement on Turkmenistan, Mitro had invested $225 million in Turkmenistan at that point in time.[xii] According to Orient, more than $760 million has been invested into the Khazar project since its conception.[xiii]
————————————————————————————————————————-
[i] Turkmenistan Analytic (2007).
[ii] Turkmenistan Analytic (2007).
[iii] http://findarticles.com/p/articles/mi_m3159/is_1_224/ai_n27586251/pg_4?tag=artBody;col1, Original weblink no longer active.
[iv] Turkmenistan.ru, “Five Projects under the Way Based on Production Sharing Agreement,” Apr. 8, 2003, http://www.turkmenistan.ru/?page_id=3&lang_id=en&elem_id=4401&type=event&highlight_words=mitro&sort=date_desc. Original weblink no longer active.
[v] Turkmenistan.ru, “Delta and Mitro Companies Meet with Turkmen President,” July 12, 2007, http://www.turkmenistan.ru/?page_id=3&lang_id=en&elem_id=10534&type=event&highlight_words=mitro&sort=date_desc. Original weblink no longer active.
[vi] http://www.eia.doe.gov/emeu/cabs/Centasia/Oil.html. Original weblink no longer active.
[vii] Trend, “Mitro International Ltd Announces Tender for Equipment in Turkmenistan,” May 18, 2010, http://en.trend.az/capital/energy/1688879.html. Accessed February 17, 2022.
[viii] Hasanov, H. “Mitro International Limited Announces Tender in Turkmenistan,” Trend, September 29, 2010, http://www.allbusiness.com/construction/heavy-civil-construction-road-bridge/15137637-1.html. Original weblink no longer active.
[ix] Trend News Agency – McClatchy – Tribune Information Services (2011).
[x] Orient News, “Mitro International Limited – bronze sponsor of the 26th International Conference “Oil and Gas of Turkmenistan» (OGT 2021),” August 14, 2021, https://orient.tm/en/post/34839/mitro-international-limited-bronze-sponsor-26th-international-conference-oil-and-gas-turkmenistan-ogt-2021#:~:text=More%20than%20%24760%20million%20has,the%20start%20of%20the%20project. Accessed February 18, 2022.
[xi] 26th Turkmenistan International Oil and Gas Conference, https://www.ogt-turkmenistan.com/en. Accessed November 4, 2021.
[xii] http://turkmenistan.usembassy.gov/ic_report.html. Original weblink no longer active.
[xiii] Orient News