Russia to cooperate with Turkmenistan on oil and gas
Turkmenistan , Ashgabat, June 30 / Trend, H. Hasanov /
During the Turkmen President Gurbanguly Berdimuhammadov's meeting with Russia 's Union of Oil & Gas Producers, cooperation was discussed in processing of raw hydrocarbon material, Chairman Yuri Shafranik told Turkmen media outlets on Wednesday.
The sides discussed intensifying the fruitful cooperation established in several key areas of the Turkmen energy sector.
According to media reports, Shafranik "informed the President on work done recently and the concrete steps taken to achieve these goals." He voiced his willingness to provide the best experience and the latest technological developments.
In addition, he "expressed interest in Russian business circles in expanding its presence in the promising Turkmen market, where preferential treatment has been established for foreign businesses."
Turkmenistan is one of the largest suppliers of natural gas in the Caspian region.
Turkmenistan plans to increase the combined refining capacities of its oil refineries up to 15 million tons in 2015, 20 million tons in 2020, 22 million tons in 2025, and 30 million tons in 2030.
According to the approved plans, the increase will be possible with the building of three new oil refineries.