BAKU, Azerbaijan, December 21
By Jeila Aliyeva - Trend:
Russian Tatneft oil company intends to expand oil production in Turkmenistan, said Russia’s Tatarstan President Rustam Minnikhanov, Trend reports with reference to "SNG.Seqodna" (CIS.Today) information portal.
According to him, as part of the expansion of the project with Turkmenistan's Turkmennebit State Concern, it is planned to produce more than 770,000 tons of oil.
He noted that currently, the Russian company is implementing a service contract on the territory of Turkmenistan, the main direction of which is to increase oil production in Turkmenistan.
Over the entire period of the partnership, 286,000 tons of additional oil were produced. In addition, more than 480 workplaces were created. In December, the company signed an agreement to extend operations at the field Goturdepe until 2028.
Turkmenistan’s Turkmennebit State Concern and Tatneft Company that belongs to Russia’s Tatarstan have agreed to expand territories of major oil well repairs.
The parties have agreed to expand the drilling of side shafts in some oil fields.
A memorandum of understanding was signed between the Turkmennebit State Concern and the Tatneft company last year.
The signed document allows expanding cooperation between companies in the use of effective Tatneft technologies at Turkmennebit fields.
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