Turkmenistan’s Participation in Shanghai Cooperation Organization to Increase Transit Potential – Analyst
Kazakhstan, Astana / Trend corr V. Sharifov / By 2015, production of hydrocarbon in the member countries of the Shanghai Cooperation Organization (SCO) will make up some 30%, while consumption will comprise 25% of the world's, an independent analyst, Kizhibek Ibray, said at the second Eurasian energy forum organized by KazEnergy in Astana.
According to her, presently oil consumption in SCO countries is 25% and gas consumption 26% of the world's share.
SCO unites Russia, China, Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan. India, Iran, Mongolia, and Pakistan have the status of observers.
"Energy cooperation within the framework of SCO is becoming one of the priority directions in interaction between SCO members. Joining of observer countries to the organization will improve its positions in the world," she said.
" Turkmenistan's participation in the SCO will increase transit potential of the organization. In case Turkmenistan joins SCO and the forecasted oil and gas reserves of Turkmenistan are proved, SCO's export potential will rise," she said.