Asghar Rafiei, North Drilling managing director said that President, Mahmoud Ahmadinejad will attend the inauguration either directly or via a videoconference.

Meanwhile, Turkish state company, TRAO is looking to raise oil and gas production by 2013.

Mehmet Uysal, TRAO president and executive director said that his company is looking for opportunities to carry out extraction in the Black Sea, Turkmenistan, Iraq and Iran.

Many companies are careful towards offshore blocks of Turkmenistan because of boundary disputes with Iran and Azerbaijan, as well as depth of fields, Uysal said.

We need gas from all our neighbors, including Russia, Iran, Azerbaijan, Turkmenistan and Iraq, he said.