BAKU, Azerbaijan, May 11. Production of oil and other liquid hydrocarbons in Turkmenistan in 2023 will average 0.27 million barrels per day, Trend reports with reference to the forecast of the US Energy Information Administration (EIA).
Thus, the forecasts for oil production in the country remained unchanged compared to the previous report.
The annual 2024 oil and other liquid production in Turkmenistan is also forecast to be at 0.27 million barrels a day, the report said.
The EIA also noted that Turkmenistan’s oil extraction in 2022 amounted to 0.26 million barrels per day.
In general, according to the available data, Turkmenistan produced more than 8.9 million tons of oil in 2021, which is 7.3 percent less than in 2020 (9.6 million tons).
Meanwhile, according to the Turkmen Turkmengaz State Concern, the country's hydrocarbon resources are estimated at more than 71 billion tons of oil equivalent, of which more than 20 billion tons of oil and more than 50 trillion cubic meters of natural gas.
