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Turkmenistan’s State Concern to sign contract with Chinese company for drilling pipes purchase

Oil&Gas Materials 24 January 2021 23:58
Turkmenistan’s State Concern to sign contract with Chinese company for drilling pipes purchase

BAKU, Azerbaijan, January 24

By Jeila Aliyeva - Trend:

Turkmenistan’s Türkmennebit State Concern will sign a contract with the Chinese Honghua International Co. Ltd. company for the purchase of drilling pipes of various sizes, Trend reports with reference to Turkmenistan’s State News Agency.

The necessary resolution allowing to conclude agreements was signed by the President of Turkmenistan Gurbanguly Berdimuhamedov.

The contract will be signed in order to solve the tasks set for the oil and gas industry in accordance with the program for the development of the oil and gas industry of Turkmenistan for the period up to 2030.

As reported, Turkmennebit is expanding cooperation with foreign companies to improve the efficiency of traditional oil fields and develop new deposits.

Turkmenistan has exceeded expectations of oil and gas condensate production from January through November 2020.

The estimates of oil and gas condensate production were exceeded by 0.6 percent, oil refining – by 2.1 percent, gasoline production – by 3.9 percent, diesel fuel production – by 5.4 percent.

Also, the plan for natural and associated gas production was exceeded by 0.4 percent, gas exports – 0.2 percent, and investment development - by 6.2 percent.

Thus, the growth rate of liquefied gas production from January through November 2020, compared to the same period last year was 22.4 percent.

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Follow the author on Twitter: @JeilaAliyeva

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