ASHGABAT, Turkmenistan, August 26. The oil industry enterprises in Turkmenistan surpassed their production targets from January through July of this year, Trend reports.
This was announced by Deputy Chairman of the Government of Turkmenistan, Batyr Amanov, at a meeting of the Cabinet of Ministers held on August 25, 2023.
As per his statement, during the specified period, the oil supply plan to the Turkmennebit State Concern was exceeded by 1 percent.
Furthermore, Amanov highlighted that the targets for oil refining at the enterprises of Turkmenistan were exceeded in the period from January through June this year by 1.5 percent, gasoline production by 5.1 percent, diesel fuel by 4.9 percent, and lubricating oils by 10.1 percent.
Meanwhile, as stated by the Turkmen Turkmengaz State Concern, Turkmenistan's hydrocarbon reserves are evaluated to be in excess of 71 billion tons of oil equivalent. This includes over 20 billion tons of oil and more than 50 trillion cubic meters of natural gas.