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Petroleum / Mining in Turkmenistan

  • Turkmenistan should cultivate diverse gas markets

    CHINA, 2017/08/26 Turkmenistan-China gas relationship may be viewed as one country's over-dependence on an extra, Sean Roberts, an expert on Central Asia and Associate Professor of the Practice of International Affairs, told Trend commenting on the construction of Tajik section of the Turkmenistan-Uzbekistan-Tajikistan-Kyrgyzstan-China gas pipeline launched last month. “One one hand, it is easy to understand why Central Asia states are increasingly attracted to trade deals and investment from China. For Turkmenistan and other Central Asian states, China offers economic relationships that are not overtly tied to political issues,” he said.
  • IDB to finance Turkmen section of TAPI gas pipeline

    TURKMENISTAN, 2016/09/23 President of the Asian Development Bank (ADB) Takehiko Nakao met with Turkmenistan’s President Gurbanguly Berdimuhamedov to discuss the country’s development priorities and reiterate support for the government’s efforts to diversify the economy, said the ADB in a message. Nakao’s initial visit to Turkmenistan as well includes meetings with Deputy Chairmen of the Cabinet of Ministers in charge of foreign affairs, economy and finance, hydrocarbon sector, electricity and construction sectors, and the Chairman of the Board of the Central Bank of Turkmenistan and ADB Governor.
  • Energy-rich Turkmenistan intends to launch the third stage of development of the giant Galkynysh gas field

    TURKMENISTAN, 2015/11/28 Energy-rich Turkmenistan intends to launch the third stage of development of the giant Galkynysh gas field and bring the field's production capacity to 95 billion cubic meters of gas in the near next. This was announced by Ashyrguly Begliyev, the Chairman of the Turkmengaz National Concern, at a recent Oil and Gas of Turkmenistan conference in capital Ashgabat. He said that one of the major oil and gas projects in Turkmenistan is the industrial development of the Galkynysh field, which is known as the second major in the world. This field will serve as a major source of natural gas for next export pipelines.
  • Turkmenistan ready to up fuel supplies to Ukraine

    TURKMENISTAN, 2015/10/29 Turkmenistan is ready to increase supplies of the domestic fuel and energy sector products to Ukraine, implement joint cooperation projects in this area, the President of Turkmenistan Gurbanguly Berdimuhammadov said next talks with his Ukrainian counterpart Petro Poroshenko Oct.29. The Turkmen president mentioned the fuel and energy sector part the significant areas of partnership, local media reported. Speaking about trade and economic bilateral relations, President Gurbanguly Berdimuhammadov as well noted the long-term cooperation with Ukrainian companies working in the country in the construction of urban and transport infrastructure in other sectors of the economy. Today, 29 enterprises with participation of Ukrainian capital have been registered in Turkmenistan, additional than 80 investment projects worth a total price of almost $3.5 billion are being implemented.
  • Trans-Caspian gas pipeline, promising project for Turkmenistan

    TURKMENISTAN, 2015/10/13 Turkmenistan’s President Gurbanguly Berdimuhammadov emphasized the Trans-Caspian gas pipeline as a promising project for the country's plans to diversify Turkmen energy supplies in the direction of European markets during the last governmental conference. In his statement, Berdimuhammadov praised the role of the transnational pipelines as a real contribution to creating international energy cooperation and as an effective stabilizing factor to have a positive impact on the process of strengthening socio-political stabilization. Having the fourth major proven gas reserves in the world, Turkmenistan is actively implementing an energy strategy aimed at diversifying its supply routes to the major world markets, where the request for energy resources is growing.
  • New gas field opens in Turkmenistan

    TURKMENISTAN, 2015/08/26 Turkmenistan secured its leading position in gas resources next the discovery of a new gas field at the Bagley-1 area in the Karakum Desert located in the Mary region. The search for new deposits of oil and gas in southeastern Turkmenistan yielded successful results next the initial exploration reached a depth of 4,690,000 meters and the operational column omitted 230 meters above. The daily hydrocarbon output of the new field will exceed 1.5 million cubic meters and is located only a few dozen kilometers away from the gigantic Galkynysh field, which is famous worldwide for its explored and proven natural gas reserves. The energy neighborhood has the potential to yield even better gas discoveries.
  • Turkmenistan reveals plans on gas output

    TURKMENISTAN, 2015/05/23 Turkmenistan announced its intention to increase the volume of its gas production in connection with its plan to become a major energy supplier to EU nations. One of the factors which impacted on that decision is the possible construction of the 300-kilometer trans-Caspian gas pipeline, which is expected to annually transport 30 billion cubic meters of gas to Europe via Azerbaijan. Turkmen Petroleum and Mineral Resources Minister Muhammetnur Halylov confirmed the increased potential of hydrocarbon resources in the country due to the discovery of incomparable gas fields on the Gas Congress in Avaz, Turkmenistan. One of the major Turkmen gas fields is Galkinish, which confirmed Turkmenistan as one of the major energy powers.
  • South Korea, Turkmenistan mull cooperation in oil, gas sector

    SOUTH KOREA, 2015/04/25 South Korea and Turkmenistan have focused on the diversification of economic cooperation through the enhancement of energy and financial cooperation, and trade and investment regulations. Turkmenistan President Gurbanguly Berdimuhamedov held talks with South Korea President Park Geun-hye on April 13 in Seoul to enhance bilateral cooperation in the oil and gas inclunding other economic sectors. South Korea supported a $13 billion scale project, which includes natural gas-to-liquids plant construction and the modernization of essential oil factories in Turkmenistan, South Korean media reported.
  • Iran to increase gas imports from Turkmenistan

    IRAN, 2015/03/30 Iranian President Hassan Rouhani said Wednesday his country would increase its imports of gas from Turkmenistan, during a visit to the reclusive Central Asian national in which he signed a slew of bilateral agreements. Rouhani said energy cooperation with post-Soviet Turkmenistan in oil and gas had "large potential" next talks with his Turkmen counterpart Gurbanguly Berdymukhamedov. "We agreed to increase supplies of Turkmen gas to Iran," Rouhani.
  • Ankara seeks to bring Turkmen gas to world markets

    TURKMENISTAN, 2015/03/06 Turkish partners show great interest in joint supply of the Turkmen energy resources to the world markets, Turkmen President Gurbanguly Berdimuhamedov said March 4, Turkmen Altyn Asyr TV channel reported. President Berdimuhamedov paid an official visit to Turkey on March 3-4. President Berdimuhamedov confirmed the huge prospects available for the cooperation between the two nations in the above-mentioned area, which are of strategic importance.