Ashgabat, Turkmenistan, May 30
By Huseyn Hasanov - Trend:
Turkmenistan's Turkmenbashi Complex of Oil Refineries (TCOR) became one of the shareholders of the newly-created Turkmen Petroleum trading company headquartered in Dubai (UAE), said the message from Turkmen Petroleum.
Additionally, the company's representative offices have been opened in Ashgabat, Frankfurt am Main and Tallinn.
The purpose is to expand the presence of TCOR on the international markets, said the message.
TCOR will trade its products through the Turkmen Petroleum on conditions of delivering to the final destination.
Turkmenbashi Complex of Oil Refineries has enterprises in Turkmenbashi and Seydi cities of Turkmenistan. The products of those plants are exported to Afghanistan, Tajikistan, Turkey, Georgia, Ukraine, the United Arab Emirates and Switzerland.
Turkmenistan plans to bring the capacity of its oil production industry to 20 million tons of oil in 2020, 22 million tons in 2025 and 30 million tons in 2030.
Currently, the country produces around 10 million tons of oil per year.