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Turkmenistan building up oil refining capacities

Turkmenistan Materials 31 May 2016 17:44
Turkmenistan’s Turkmenbashi Complex of Oil Refineries (TCOR) is increasing the volumes of oil refining and building up production of new types of oil products
Turkmenistan building up oil refining capacities

Ashgabat, Turkmenistan, May 31

By Huseyn Hasanov - Trend:

Turkmenistan's Turkmenbashi Complex of Oil Refineries (TCOR) is increasing the volumes of oil refining and building up production of new types of oil products, the Ministry of Oil and Gas said in a message May 31.

Currently, more than 10 million tons of hydrocarbons are refined per year at the TCOR.

The TCOR includes two refineries - one in the city of Turkmenbashi and the other one in the city of Seydi.

The refined oil is exported to Afghanistan, Tajikistan, Turkey, Georgia, Ukraine, United Arab Emirates and Switzerland.

Turkmenistan plans to increase the capacity of its oil refining industry to 20 million tons of oil by 2020, to 22 million tons by 2025, and to 30 million tons by 2030.

Currently, the country produces nearly 10 million tons of oil per year and the major part of this volume is refined locally.

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