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Turkmenistan overfulfils plan of oil, gas condensate production

Oil&Gas Materials 15 August 2020 12:37 (UTC +04:00)
Turkmenistan overfulfils plan of oil, gas condensate production

BAKU, Azerbaijan, August 15

By Jeila Aliyeva - Trend:

Turkmenistan has overfulfilled the plan of oil and gas condensate production from January through July 2020, Trend reports with reference to Turkmenistan’s State News Agency.

This was reported during a meeting of the Cabinet of Ministers of Turkmenistan held via videoconference.

The plan of oil and gas condensate production was exceeded by 2.4 percent, natural and associated gas - by 1.6 percent, gas exports – by 0.4 percent, oil refining – by 3.7 percent, gasoline production – by 2.3 percent, and diesel fuel production – by 6.9 percent.

As reported, a decision was made to build new plants for processing raw materials, as well as modernize existing ones.

In 1H2020, the plan for oil and gas condensate production was overfulfilled by 7.6 percent, oil refining - by 2.6 percent, gasoline production – by 5.1 percent, and diesel fuel – by 5.1 percent. The growth rate of liquefied gas production exceeded by 12.2 percent.

Earlier, 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.

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.

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Follow the author on Twitter: @JeilaAliyeva

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