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Turkmenistan exceeds its oil refining plan

Oil&Gas Materials 14 February 2021 08:01 (UTC +04:00)
Turkmenistan exceeds its oil refining plan

BAKU, Azerbaijan, February 14

By Jeila Aliyeva - Trend:

Turkmenistan's oil refining plan was exceeded by 0.8 percent in January of this year, Trend reports, citing the State News Agency of Turkmenistan.

The plan for the production of gasoline was exceeded – by 0.4 percent, diesel fuel - by 3.4 percent, polypropylene - by 2.5 percent, natural and associated gas production - by 15.9 percent, gas exports - by 10.6 percent, investment development - by 31.4 percent.

Last year the plan for the production of oil and gas condensate was fulfilled by 100 percent, natural and associated gas plan was exceeded by 1 percent, and oil refining – by 1.7 percent.

The growth rate of gasoline production was exceeded by 4.5 percent, diesel fuel - 4.4 percent, polypropylene - 2.2 percent, liquefied gas - 16.7 percent.

As reported, Turkmenistan will take measures to accelerate geological exploration, increase the volume of identified and confirmed reserves of oil and other natural resources.

At the same time, the country will make efforts to attract direct and indirect foreign investment in the oil refining and gas chemical industry.

Also, they use the design capacity of the Turkmenbashi Complex of Oil Refineries of the country's oil refineries at the expense of crude oil produced under Production Sharing Agreements.

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Follow the author on Twitter: @JeilaAliyeva

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