Turkmenistan, Ashgabat, Feb.4 / Trend H.Hasanov /
Turkmen Vice Prime Minister Baymyrat Hojamuhammedov, supervising fuel-energy sector, spoke at a governmental meeting with report about results of work of enterprises of oil and gas sector in January, the Turkmen TV reported on Saturday.
It was noted in particular that growth of natural gas production in January, 2012 compared to January, 2011 amounted to 18.2 per cent, and production of liquefied gas - 11.9 per cent.
According to BP, Turkmenistan ranks fourth in world in terms of proved gas reserves after Russia, Iran and Qatar. At present the country has the opportunity to export natural gas to China, Iran and Russia. Volume of natural gas export increased by 28.5 per cent during January, the local mass media outlets reported on Saturday.
According to different sources, over 4 billion cubic meters of gas were supplied to importers.
The largest fields are located in the east of the country at "Southern Yoloten - Osman" (recently they were merged and renamed as "Galkynysh") and "Yashlar" with total resources valued by local geologists and British GCA at 26.2 trillion cubic meters.
This year projected gas pipelines from Turkmenistan are: additional to Russia (the Caspian Sea - via Kazakhstan), Europe (Trans-Caspian gas pipeline - via the Caspian Sea through Azerbaijan) and India (Trans-Afghanistan via Pakistan).
Growth rate of oil and gas condensate production was 14.4 per cent in Jan, 2012 compared to Jan, 2011. Turkmenistan annually produces about 10 million tons of oil and intends to increase producing capacities due to mastering the Turkmen part of the Caspian by foreign companies.
In oil products production especially high growth rates are observed in production of polypropylene.
Production of finished products takes place at two refineries in Turkmenbashi and Seydi.
Oil and oil products are primarily transported through Azerbaijan and Iran.
Volume of mastered capital investment in oil and gas complex increased by 2.1 times.
Turkmen President Gurbanguly Berdimuhamedov stressed at the meeting 'need of further strengthening of material and technical basis, comprehensive development of infrastructure of domestic fuel and energy complex', the Neutral Turkmenistan reported on Saturday.
He said measures being taken in this field aimed at increasing volume of production of hydrocarbons and wide range of oil products enjoying steady high demand in the world markets.