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Turkmenistan's GDP significantly grows in early 2019

Business Materials 3 May 2019 12:19 (UTC +04:00)

Ashgabat, Turkmenistan, May 3

By Huseyn Hasanov– Trend:

The growth of the gross domestic product (GDP) of Turkmenistan in January-April 2019 made up 6.2 percent, Trend reports referring to the Turkmen government.

The plan for the extraction of natural and associated gas over the past four months was fulfilled by 103.9 percent, oil refining by 105.1 percent, gasoline production by 110.5 percent, diesel fuel by 105.3 percent, polypropylene by 122.3 percent, lubricating oils - by 100 percent, liquefied gas - by 112.6 percent.

The report on GDP was presented at a meeting of the Cabinet of Ministers of Turkmenistan.

According to a report by British Petroleum (BP), Turkmenistan ranks fourth in the world in terms of natural gas reserves and currently exports it to China and Iran.

The country set a course for diversifying the local economy. The oil, gas, chemical, and building material industries are actively developing.

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