BP announces volume of proven oil and gas reserves in Turkmenistan

Oil&Gas Materials 11 June 2011 10:32 (UTC +04:00)

Turkmenistan, Ashgabat, June 11 / Trend, H. Hasanov /

As of Jan. 1, 2011, proven gas reserves in Turkmenistan hit 8 trillion cubic meters, which is similar to estimates as of Jan.1, 2010, BP's World Energy 2011 report posted on the company's official website says.

According to BP, last year Turkmenistan produced 42.4 billion cubic meters of gas compared to 36.4 billion cubic meters in 2009.

Gas consumption in the country amounted to 22.6 billion cubic meters in 2010 compared to 19.9 billion cubic meters a year earlier.

As of Jan.1, 2011, proven oil reserves in Turkmenistan are estimated at 0.1 billion tons (0.6 billion barrels), which is similar to estimates as of Jan.1, 2010.

According to the report, last year Turkmenistan extracted 10.7 million tons of oil, which is more compared to 2009 when 10.4 million tons of oil was produced.

In total, last year the volume of oil consumption in the country hit 5.6 million tons, which is 5.4 million tons more than the figures in 2009.

Average daily oil consumption in the country last year amounted to 125,000 barrels compared to 120,000 barrels in 2009.