Ashgabat, Turkmenistan, May 19
By Huseyn Hasanov - Trend:
Turkey's Renaissance Holding is interested in continuing fruitful partnership with Turkmenistan, said the holding's head Erman Ilicak during a meeting with Turkmenistan's President Gurbanguly Berdimuhamedov, read a message from Turkmenistan's government May 19.
During the meeting, Ilicak informed about the process of construction of a plant for producing gasoline from natural gas in Ovadan-Depe settlement of Turkmenistan's Ahal province. It is planned to commission this plant in December 2018.
Berdimuhamedov noted that successful implementation of this large-scale project will become another step towards increasing the capacity of the country's oil and gas industry.
The plant's construction project is being implemented in line with a contract between Turkmenistan's Turkmengas State Concern and a consortium of companies, which includes Japan's Kawasaki Heavy Industries Ltd and Turkey's Renaissance Holding.
The project's total cost is estimated at $1.7 billion.
The gasoline plant will be equipped with the latest hardware and use the technologies by the Danish company Haldor Topsoe.
The plant will annually process about 1.8 billion cubic meters of natural gas and produce 600,000 tons of high quality RON-92 gasoline.