Dutch company implementing oil refining project in Turkmenistan
Turkmenistan, Ashgabat, July 11 /Trend H.Hasanov/
The Turkmenbashi complex of oil refineries will sign a contract with Alliance Engineering and Construction BV (The Netherlands) at its own expense for the full completion of primary oil refining ELDAD-HT-7construction at this complex, an official Turkmen source said on Wednesday.
The corresponding decree was signed by President Gurbanguly Berdymuhamedov. The document was adopted to ensure the successful implementation of the programme for the oil and gas industry of Turkmenistan until 2030, an increase in volume in the country and improving the quality of petroleum products resulting from the processing of hydrocarbon raw materials.
The document directed that work should begin in July 2012 and the commissioning should be fully operational in July 2014.
Turkmenistan is one of the largest suppliers of natural gas in the Caspian region. It has been actively working to build capacity of the processing industry, especially in the field of oil refining in recent years.
Manufactured products of the two refineries in the cities of Turkmenbashi and Sadie and gas processing complex in Naip are regularly exposed on the State Commodity and Raw Materials Exchange of the country.
Turkmenistan plans to increase capacity of oil refining up to 15 million tons per year in 2015, to 20 million tons in 2020, up to 22 million tons in 2025 and up to 30 million tons in 2030.
In accordance with the approved plans, this will be achieved through the construction of three new refineries and upgrading existing plants.