Foreign companies actively developing Turkmen oil & gas fields
Ashgabat, Turkmenistan, Nov. 10
By Huseyn Hasanov – Trend:
Several project are being implemented in Turkmenistan’s mining industry by foreign investor companies under the production sharing agreements (PSA), the Neutral Turkmenistan newspaper reported Nov. 10.
In particular, Dragon Oil (the UAE), Petronas (Malaysia), RWE (Germany), Eni (Italy), CNPC (China) and several other companies are actively developing offshore and continental fields and increase annual volume and their share in total volume of oil and gas output by Turkmenistan, says the article.
The share of oil output by joint and foreign companies increased by 54 percent in 2015, as compared to 15.6 percent in 2006, and this figure reached almost 56 percent in the first half of 2016.
The share of gas output by foreign companies amounted to more than 25 percent in 2015 and 28.5 percent during the first six months of 2016.
Meanwhile, foreign investments in oil and gas output total tens of billions of dollars and continue to rise, according to the article.