Turkmenistan, Ashgabat, Nov. 5 / Trend H. Hasanov /
The stable growth rate of the gross domestic product (GDP) was ensured in Turkmenistan from January to September 2012 and reached 111.1 per cent compared to the same period last year, the Finance Ministry said today.
Around 52.5 per cent of the GDP falls to industry.
Turkmenistan holds one of key positions in the region for the supply of natural gas. Russia, China, Iran are importers.
The leadership of the country has taken a course to diversify the economy. Oil and gas processing, textile, cotton processing industries and production of building materials have been recently developing.
The growth rate of oil and gas condensate production in the country during the current reporting period amounted to 104.1 per cent compared to 2011 with natural and associated gas - 107.1 per cent. The export volume of natural fuel increased by 8.8 per cent.
High growth rates in the production of petrol - 105.2 per cent, polypropylene - 112.5 per cent, liquefied gas - 116.4 per cent and lubricating oil - 109.3 per cent were ensured in the oil refining industry.
This stipulated a significant increase in foreign exchange earnings obtained by the Turkmen fuel and energy complex for the reporting period. A total volume of the investments increased by 62.9 per cent.