Turkmenistan, Ashgabat, Oct. 19 /Trend corr. H.Hasanov/
Over 160 promising oil and gas fields, 60 of which are currently being developed, have been discovered in Turkmenistan, the representatives of the national fuel and energy complex said on Friday at an investment forum in Ashgabat.
The event is organized by the State Chamber of Commerce in partnership with Summit Trade Events Ltd of the UK.
The event with the participation of business delegations from 25 countries and several international financial institutions, the Islamic Development Bank (IDB), the Japan Bank for International Cooperation, the Organization for Economic Cooperation and Development (OECD), the Economic Commission for Europe (ECE) is held in the Turkmen capital on October 17-19.
As noted, Turkmenistan ranks fourth in the world on the natural gas reserves. Its total geological reserves are estimated at 71.21 billion tons of standard fuel, with 53 billion tons of the resources and reserves of onshore fields, and 18.21 billion tons falling to the share of offshore fields.
According to the development program of oil and gas field, chemical and fishing industries of Turkmenistan for 2012-2016, the total amount of oil to be produced in the country within this period will be 55.9 million tons, the total amount of natural gas - 448.7 billion cubic meters. Implementation of these plans will require large investments in various sectors of the fuel and energy industry.
The oil and gas sector sources of Turkmenistan noted that a number of major projects are being implemented, including on the commissioning of commercial production at "Galkinish", which ranks second on its resource reserves, estimated at 26.2 trillion cubic meters of gas.
Reference is made to the international audit conducted by the "Gaffney, Cline & Associates" (UK) international consulting company, performing certification of hydrocarbon reserves of the country's promising fields according to the contract with 'Turkmengeology' state concern.