TATNEFT will increase production of additional oil in Turkmenistan by another 770 thousand tons
11:25 24.12.2020 8067
Expansion of the PJSC “TATNEFT” project in Turkmenistan, which is being implemented jointly with the State Concern “Turkmenneft”, will make it possible to additionally produce 770 thousand tons of oil. The head of Tatarstan, Rustam Minnikhanov, announced this in an interview with TASS.
“TATNEFT is now successfully implementing a service contract aimed at increasing oil production in Turkmenistan. The implementation of a set of measures at two oil fields of the “Turkmenneft” State Concern made it possible to produce more than 280 thousand tons of oil. At present, the Turkmen and Tatarstan oilmen have developed plans for the further expansion of the contract between PJSC “Tatneft” and the State Corporation “Turkmenneft” to cover additional oil fields. Expanding the scale of the project, according to our forecasts, will make it possible to additionally produce more than 770 thousand tons of oil, ”Rustam Minnikhanov said.
In early December, the State Concern "Turkmenneft" and PJSC "Tatneft" extended their cooperation to increase the flow rate of oil wells for another eight years. The supplementary agreement is extended until 2028 and will expand cooperation between the companies in the field of enhanced oil recovery. The work program includes the first, second and third oil fields of OGPD "Goturdenebit" in addition to those where “Tatneft” introduced its technologies from 2011 to 2014 and from 2018 to 2020.
The new agreement confirms the companies' intentions to continue joint work at the Goturdepe field and to use “Tatneft's” technologies in the field of oil production intensification. In August 2010, “Turkmenneft” and “Tatneft” signed a contract to carry out service work to enhance oil recovery within the framework of the development of the Goturdepe field, developed by the Turkmen company, for a period of seven years.
In February 2011, “TATNEFT” registered a branch in Turkmenistan. During the joint work, 286 thousand tons of additional oil were produced at the Goturdepe field, TATNEFT introduced modern oilfield equipment, automation and telemechanics. Now the company's specialists are creating a digital model of this field. Also, production for the repair of submersible electric pumps has been organized, projects are being implemented to organize the repair of oil tubing and increase the turnaround time of wells.
Checkers competitions
Twelfth game
A new gas flow was obtained at the Galkynysh field
The oil and gas industry, being one of the leading sectors of the national economy, plays an important role in strengthening the country's economic independence. The key aspect of the fundamental reforms in the fuel and energy complex implemented during the Renaissance of the new era of a powerful state is the effective use of the potential of the oil and gas industry, diversification of the sales market and radical modernization of infrastructure.
INTERNATIONAL FORUM TEIF 2025: HOW TURKMENISTAN OPENED NEW HORIZONS FOR GLOBAL INVESTMENTS
On April 23–24, 2025, the Turkmenistan International Investment Forum (TEIF 2025) was held in the heart of Kuala Lumpur, in the newest KLCC complex. More than 470 delegates from 42 countries gathered under one roof to witness a new stage in the investment policy of Turkmenistan – a state with a stable, prosperous and dynamic economy.
Gurbanguly Berdimuhamedov discussed priority areas of cooperation with the Federal President of Germany
On April 30, Chairman of the Halk Maslahaty of Turkmenistan Gurbanguly Berdimuhamedov held a telephone conversation with the Federal President of Germany Frank-Walter Steinmeier, TDH reports.
Foreign Ministers of Turkmenistan, India and Pakistan discussed the progress of the TAPI project
The implementation of the project for the construction of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline was discussed on Monday in a telephone conversation between the Minister of Foreign Affairs of Turkmenistan Rashid Meredov and his counterparts from India Subramanyam Jaishankar and Pakistan Shah Mahmud Qureishi, the website of the Foreign Ministry of Turkmenistan reports.