OREANDA-NEWS. On August 06, 2009 The special issue of ECO TIMES Journal published by the ECO Cultural Institute that is affiliated with ECO and aims at fostering understanding and the preservation of the rich cultural heritage of its members through common projects in the field of the media, literature, art, philosophy, sport and education. in the framework of the large regional organisation – the Economic Cooperation Organisation dedicated to various aspects of the life in Turkmenistan and the important investment projects initiated by President Gurbanguly Berdimuhamedov in the fuel and energy sector, tourism industry and other sectors of Turkmen economy, reported the Official website turkmenistan.gov.tm.

The particles focus on the open door policy pursued by President Gurbanguly Berdimuhamedov and the favourable investment climate created for foreign companies. The leading articles provide the illustrative examples of mutually advantageous and large-scale cooperation include successful implementation of the projects on development of the first national tourism zone – Avaza being created on the Turkmen coast of the Caspian Sea. The article says that the ceremony of putting the first facilities of tourism infrastructure into operation this July and the presentations of the new projects vividly showed profound interest of the leading foreign companies in collaborating in implementation of the grandiose plans to turn Avaza in one of the international centres of tourism and recreation.

The issue contains the thorough comments on Turkmenistan’s new energy policy aimed at diversifying cooperation on transit of energy. The author presents the results of the high-level international conference held on the initiative of President Gurbanguly Berdimuhamedov under the aegis of the UN in the capital of Turkmenistan to the readership. Citing the Turkmen leader’s statements on the need for full-scale cooperation of the countries and international organisation to create the conditions conducive to reliable and stable transit and export of energy the observer focuses on Turkmenistan’s role as a major player on global energy market.

Another article provides the concrete facts of dynamic development of Turkmenistan’s fuel and energy sector and the data testifying to the giant hydrocarbon potential of the depths of Turkmenistan. The article tells about the activities of the foreign companies to extract and produce oil and gas in the territory of the country and the projects aimed at opening up new opportunities to transit energy from Turkmenistan and the Caspian region in whole to Europe and the countries of Southeast Asia.