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Turkmenistan increases oil production

Oil&Gas Materials 13 November 2014 16:56 (UTC +04:00)

Ashgabat, Turkmenistan, Nov. 13

By Huseyn Hasanov- Trend:

The growth rates of oil and gas condensate production amounted to 102.3 percent in Turkmenistan for 10 months of 2014, the Turkmen Ministry of Petroleum and Mineral Resources said.

Currently, Turkmenistan annually produces about 10 million metric tons of oil, most of which is processed at local enterprises.

Turkmenistan plans to bring the capacity of the oil refining industry up to 20 million metric tons of oil in 2020, up to 22 million metric tons in 2025 and up to 30 million metric tons in 2030.

edited by CN

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