Investments are increasing in the oil and gas complex of Turkmenistan

In accordance with the priorities of the economic strategy of Turkmenistan, significant financial resources are allocated for the modernization and diversification of the fuel and energy complex of our country, and investment in the leading sector of the national economy is increasing.

For four months of 2020, the total volume of investments utilized in the fuel and energy complex amounted to more than 3.735 billion manats, which is 1.3 billion manats more than the same period last year. In total, from 2016 to 2020, about 40 billion manats was allocated to strengthen the material and technical base of the oil and gas industry.

First of all, investments are directed to the technical and technological re-equipment of enterprises in the industry. Including the financing of the acquisition of equipment, materials, specialized equipment, which can significantly expand the front of exploration and drilling, accelerate the industrial development of promising oil and gas areas.

Thanks to domestic and foreign investments, a number of projects for the construction of new enterprises, modern production facilities and facilities have been successfully implemented. Among them - a polymer plant in Kiyanly and a plant for the production of gasoline from natural gas in the Akhal region. Much attention is also paid to improving the efficiency of exploitation of long-developed fields.

As noted at a government meeting held on May 8, based on the results of the four months of this year, the main production indicators for the oil and gas complex are in line with the annual plans.

In particular, in January-April of this year, more than 3.2 million tons of oil and gas condensate and about 25 billion cubic meters of natural gas were produced. Over 650 thousand tons of gasoline were produced, which is almost 90 thousand tons more than in the same period in 2019. The volume of diesel fuel production amounted to more than 600 thousand tons, polypropylene - 28.6 thousand tons, liquefied gas - more than 70 thousand tons.

To date, a set of measures has been prepared to ensure the reliable functioning of the gas production and gas transmission systems of the “Turkmengas” State Concern. For this purpose, it is planned to modernize the equipment of a number of gas compressor stations and other large structures of the Marygazchykarysh, Lebapgazchykarysh and Turkmengazakdyrysh gas associations, which produce natural gas, prepare it well and ensure uninterrupted delivery to consumers.


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