BAKU, Azerbaijan, December 25
By Jeila Aliyeva - Trend:
Turkmenistan's revenues from the export of natural gas and petrochemical products exceeded $4.1 billion from January through November of 2020, Trend reports with reference to “SNG.Seqodna” (CIS.Today) information portal.
At the same time, the country has also significantly expanded work on the development of the oil and gas sector. Strengthening the potential of the oil and gas sector is the main goal of Turkmenistan's energy policy.
In early December, the Turkmennebit State Concern of Turkmenistan and the Russian Tatneft oil company signed an additional agreement to increase oil production at the Goturdepe field in the period up to 2028.
In the reporting period, the Turkmenbashi Complex of Oil Refineries of Turkmenistan produced more than 1.7 million tons of gasoline of various brands and more than 1.65 million tons of diesel fuel.
As reported, Natural gas production in Turkmenistan will increase by 78 percent and reach the level of more than 141 billion cubic meters by 2050, at an annual growth rate of 1.9 percent.
As a holder of the fourth-largest volume of gas reserves worldwide, Turkmenistan has been unlocking the potential of natural gas, leading to an 11.5 percent average economic growth rate between 2000 and 2019, continuously expanding domestic gas production, attracting investors, and enhancing knowledge and technologies exchange.
Turkmenistan has exceeded expectations of oil and gas condensate production from January through November 2020.
The estimates of oil and gas condensate production were exceeded by 0.6 percent, oil refining – by 2.1 percent, gasoline production – by 3.9 percent, diesel fuel production – by 5.4 percent.
Also, the plan for natural and associated gas production was exceeded by 0.4 percent, gas exports – 0.2 percent, and investment development - by 6.2 percent.
Thus, the growth rate of liquefied gas production from January through November 2020, compared to the same period last year was 22.4 percent.
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