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Turkmenistan reveals its oil production data for 1H2020

Oil&Gas Materials 4 July 2020 12:52 (UTC +04:00)
Turkmenistan reveals its oil production data for 1H2020

BAKU, Azerbaijan, July 4

By Jeila Aliyeva - Trend:

Turkmenistan produced a significant amount of oil in 1H2020, Trend reports with reference to Turkmenistan’s State News Agency.

This was stated during a meeting of the Cabinet of Ministers of Turkmenistan, to assess the results of the work of various sectors for 6 month of 2020.

The plan for oil and gas condensate production was exceeded by 7.6 percent, oil refining - by 2.6 percent, gasoline production – by 5.1 percent, diesel fuel – by 5.1 percent. The growth rate of liquefied gas production was exceeded by 12.2 percent.

It was decided to introduce digital technologies in oil companies, as well as improve the production activities of concerns based on the fact that prices for hydrocarbon resources have fallen in the world, the reports says.

Increasing the volume of local oil and gas production, maintaining high growth rates and investment activity in this area are the main tasks of Turkmenistan.

From January through May of 2020, the plan for oil and gas condensate production was exceeded by 8.3 percent, natural and associated gas by 9.2 percent, and diesel fuel by 3.6 percent - all compared to the same period of last year.

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Follow the author on Twitter: @JeilaAliyeva

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