Turkmenistan, Ashgabat, July 7 / Trend H. Hasanov /
While speaking about the need for active attracting foreign investments to develop a fuel-energy complex at a meeting of the Cabinet of Ministers, Turkmen President Gurbanguly Berdimuhamedov stressed introducing the innovative technologies and modern equipment as priority areas of cooperation with foreign partners, the Turkmen government said today.
According to the information, the growth rate of oil and gas condensate production amounted to 107 percent during the six months of this year compared to 2011, natural and associated gas - 113.8 percent. The export volume of natural fuel increased by 19.4 percent.
There are high growth rates in the production of oil products - petrol - 107.9 percent, diesel fuel - 103 percent, polypropylene - 112.5 percent and liquefied natural gas - 127.4 percent.
At this stage, Turkmenistan is able to export gas to China, Iran and Russia. Among the planned gas pipelines from Turkmenistan are the following ones: an additional to Russia (Caspian gas pipeline - through Kazakhstan), Europe (Trans-Caspian gas pipeline - as part of Nabucco or AGRI via the Caspian Sea through Azerbaijan) and India (Trans-Afghan gas pipeline via Pakistan).
According to the development programme of oil and gas industry, it is planned to increase annual natural gas production to 230 billion cubic meters by 2030, mainly for export.
Ashgabat welcomes foreign participation with the investment portfolio while developing mainly capital-consuming fields in the Turkmen sector of the Caspian Sea. Negotiations with such companies as Chevron, ExxonMobil, Total, Gas de France, Eni, ConocoPhilips, Midland Oil & Gas, British Petroleum and several companies from the Far East and Gulf region are underway.
According to some estimates, 11 billion tons of oil and 5.5 trillion cubic meters of gas of projected resources are concentrated in this part of the Caspian Sea, excluding the already contracted blocks.