The Year of the Dragon Award: Best Community Engagement, Turkmenistan

Dragon Oil is one of the largest investors in Turkmenistan as a result of a 25-year renewable production sharing agreement negotiated for the Chelekan Contract Area in 1999. The company operates out of the United Arab Emirates (UAE) where its head office is located.

The CFI.co Judging Panel considers Dragon Oil is prime example of – and indeed a model for – corporate responsibility as it pertains to community engagement. One of the judges remarked that Dragon Oil is a “most generous and committed supporter of its host community needs.”

The judges were impressed by the company’s construction of a desalination plant which not only serves its own operations but also provides a safe source of drinking water to local people. Dragon Oil also pays close attention to local healthcare and education needs and provides sports and recreational facilities.

Dragon Oil ensures that these benefits derived from developing hydrocarbon resources in the area reach local communities. In the city of Hazar, on the shores of the Caspian Sea, Dragon Oil had a polyclinic built and performed refurbishment works at a school and a nursery.

It is for these activities, that go well beyond its contractual obligations, that the CFI.co Judging Panel considers Dragon Oil to be a most deserving recipient of the Best Community Engagement, Turkmenistan Award.

marten

Recent Posts

SegurCaixa Adeslas: Best Insurer Spain 2024

SegurCaixa Adeslas, a pre-eminent Spanish health insurance company, has demonstrated a formidable and truly impressive…

4 weeks ago

Banco BPI: Excellence in Sustainable Banking Initiative Portugal 2024

Banco BPI's dedication to sustainability is a beacon of proactive environmental and social responsibility. Beyond…

1 month ago

BSE Ltd: Champions of Capital Market Innovation and Efficiency Asia 2024

BSE Ltd, formerly known as the Bombay Stock Exchange, is a crucial player in India’s…

1 month ago

TMT Investments Plc: Visionary Leaders in Global Tech Venture Capital Europe 2024

TMT Investments Plc, publicly quoted on the AIM market of the London Stock Exchange since…

1 month ago

BNP Paribas Fortis: Outstanding Contribution to SME Financing Benelux 2024

BNP Paribas Fortis is a key player in the Belgian banking sector with a rich…

1 month ago

BAWAG Group AG: Best Banking Group Governance DACH 2024

BAWAG Group has reported 2023 net profit of 683 million euros, a ROTCE of 25…

1 month ago