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Turkmenistan eyes to increase export of oil products

Oil&Gas Materials 21 December 2016 12:18
The work is underway in Turkmenistan to increase production and export volumes of oil products manufactured by the Turkmenbashi Complex of Oil Refineries (TCOR)

Ashgabat, Turkmenistan, Dec. 21

By Huseyn Hasanov– Trend:

The work is underway in Turkmenistan to increase production and export volumes of oil products manufactured by the Turkmenbashi Complex of Oil Refineries (TCOR), the Turkmen government said in a message.

This was discussed at a meeting of the Turkmen Cabinet of Ministers. The proposals for international cooperation in this field were submitted for consideration.

President of Turkmenistan Gurbanguly Berdimuhamedov stressed the importance of increasing the volumes of production and processing of oil and natural gas, production of various petrochemical products which are in high demand abroad.

Infrastructure modernization and technical re-equipment of the Turkmen energy industry, attracting additional investments to the industry were named as the priority areas. In addition, the Turkmen president instructed to tighten control over the implementation of major investment projects.

It was earlier reported that the enterprises of TCOR process more than 10 million tons of hydrocarbons per year.

The TCOR includes two refineries in the cities of Turkmenbashi and Seydi. Products are exported to Afghanistan, Tajikistan, Turkey, Georgia, Ukraine, United Arab Emirates and Switzerland.

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

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