ExxonMobil

EXXONMOBIL
www.exxonmobil.com

Contact Information
Corporate Headquarters
5959 Las Colinas Boulevard
Irving, Texas 75039-2298
T: (972) 444-1000

History in Turkmenistan
ExxonMobil had offices in Turkmenistan from 1998 to 2002. The company was drilling offshore oil wells at the Garashyzlyk-2 field that proved to be unsuccessful. ExxonMobil closed its doors in Turkmenistan in March 2002 for economic reasons.[i]

Current Scope of Operations
In September 2009, Berdymukhammedov met with ExxonMobil CEO Rex Tillerson in New York, inviting ExxonMobil to participate in the development of Turkmenistan’s energy sector.[ii]

In June 2010, ExxonMobil participated in the first American business mission to Turkmenistan, as part of the US Turkmenistan Business Council.[iii] In August 2010, it was reported that a new ExxonMobil Ashgabat office would be opened before the year’s end.[iv] In October 2010, the new office was officially opened, with a warm reception from President Berdymukhammedov who stated “the huge experience of ExxonMobil could be successfully used in geological exploration and development of Turkmen hydrocarbon reserves on the Caspian Sea shelf, and in oil processing”.[v] In April 2012, ExxonMobil Vice President for the Caspian Region Phil Mulhall visited Ashgabat for the Turkmen-American Business Forum and met with the Turkmen government. It was reported they discussed “active participation in the implementation of large scale programmes for the further development of the new Turkmen fuel and energy complex.”[vi]

ExxonMobil was one of the “Gold Sponsors” of the 2010 Turkmenistan International Oil & Gas Conference, a “Bronze Sponsor” of the 2011 Turkmenistan Gas Conference, and a “Bronze Sponsor” of the 2012 Turkmenistan International Oil & Gas Conference.[vii]

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[i] Central Asia Newswire, “ExxonMobil Returns to Turkmenistan after 8-year Hiatus,” 27 Oct. 2010,http://centralasianewswire.com/Business/Kazakhstanrsquos-high-economic-transparency-will-be-good-for-business/ExxonMobil-returns-to-Turkmenistan-after-8-year-hiatus/viewstory.aspx?id=2145. Accessed January 7, 2011.

[ii] H. Hasanov, “ExxonMobil to Help Turkmenistan to Export Energy Resources to World Markets,”Trend Capital, 26 Mar. 2009, http://en.trend.az/capital/pengineering/1547648.html. Accessed March 4, 2011.

[iii] US-Turkmenistan Business Council (2010).

[iv] Stephen Bierman, “ExxonMobil to Open Turkmenistan Office in Race for Central Asian Reserves,”Bloomberg, 25 Aug. 2010, http://www.bloomberg.com/news/2010-08-25/exxon-mobil-to-open-turkmenistan-office-in-race-for-central-asian-reserves.html. Accessed October 10, 2010.

[v] Marat Gurt, “ExxonMobil Back in Turkmenistan, Eyes Gas Riches,” Reuters, 27 Oct. 2010,http://www.reuters.com/article/idUSLDE69Q03L20101027. Accessed January 7, 2010.

[vi] The Journal of Turkish Weekly, “Exxon Mobil Plans to Enter Development of Turkmenistan’s Fuel and Energy Complex,” Major Events in Caspian Countries’ Oil and Gas Industry for Last Week (April 30-May 5)http://www.turkishweekly.net/news/135683/major-events-in-caspian-countries-39-oil-and-gas-industry-for-last-week-april-30-may-5-.html.  Accessed July 2, 2012.

[vii] 17th Turkmenistan International Oil and Gas Conference, “Sponsors,” Turkmenistan International Oil and Gas Conference; http://www.oilgasturkmenistan.com/sponsors. Accessed July 5, 2012.