Russian oil and gas company Tatneft and the Turkmen state concern Turkmenneft continue talks to conclude a new contract, the Oil and Gas Complex of Turkmenistan said in a message.
The contract envisages rendering services to rehabilitate wells in oil-rich areas.
In addition, the company plans to expand cooperation in such areas as the supply of oilfield equipment, chemicals, base oils.
Tatneft has been cooperating with Turkmenneft since 2010 under the previous contract for providing services. In accordance with the contract, oil production has been restored at 32 wells.
Overall, more than 144,000 tons of additional oil has been produced since 2010, the message said.