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Saudi Arabia in Turkmen oil, gas plants talks

Fri Aug 15, 2008 6:42am EDT

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ASHGABAT, Aug 15 (Reuters) - Turkmenistan's President Kurbanguly Berdymukhamedov has invited Saudi Arabia to build oil and gas plants in the gas-rich Central Asian nation, Turkmen state television said on Friday.

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Berdymukhamedov met visiting Saudi Prince Saud bin Mishal bin Abd al-Aziz Al Saud on Thursday to discuss economic ties.

"We are currently working on a large project ... to build oil and gas refineries," the prince told television reporters through an interpreter.

Representatives of Saudi oil companies Aramco and Dhahran Global accompanied him on his visit.

Turkmenistan sells most of the gas it produces to Russia's Gazprom (GAZP.MM), but plans to boost output significantly by developing new fields. (Reporting by Marat Gurt; Writing by Olzhas Auyezov)

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