It is planned to increase oil production in the Cheleken contract area
16:16 03.10.2022 12056
At present, the State Concern «Turkmennebit» is working on the development of fields that are part of the Cheleken contract area, as well as increasing the volume of oil produced by drilling new oil wells.
Vice-Chairman of the Cabinet of Ministers Shakhym Abdrakhmanov reported on the ongoing work in this direction during a government meeting last Friday.
After listening to the report, the President of Turkmenistan noted that with the accelerated development of oil and gas fields in the country, the drilling of new wells, the involvement of large profile companies interested in participating in ongoing industry projects, the development of the domestic fuel and energy complex is being carried out, and addressed the Vice-premier with specific instructions in this regard.
It should be noted that in the contract area «Cheleken» in the Turkmen shelf of the Caspian Sea, the development of deposits is carried out by the company «Dragon Oil», which operates in Turkmenistan on the basis of a Production Sharing Agreement (PSA). The main activity of the company is focused on the development of oil fields Jeytun and Jigalybeg, where the operator has been successfully operating since May 2000. During this period, more than 8 billion US dollars were invested in the project.
At the end of September, the meeting of the President of Turkmenistan Serdar Berdimuhamedov with the executive director of Dragon Oil Ali Rashid Al-Jarvan took place. During the conversation, it was noted that among the priorities of further cooperation is an increase in the volume of production and processing of oil and gas, as well as the export of Turkmen energy resources.
Preparations for the implementation of energy projects discussed at talks in Islamabad
The issues of practical implementation of the projects of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline and the Turkmenistan-Afghanistan-Pakistan (TAP) power transmission lines were discussed in Islamabad by the delegation of Turkmenistan, which, on behalf of President Gurbanguly Berdimuhamedov, is on a working visit to Pakistan on January 31 – February 4, informs the website of the Foreign Ministry of Turkmenistan.
The government meeting summed up the results of the oil and gas sector for January-May 2025
On July 4, President of Turkmenistan Serdar Berdimuhamedov held a digital meeting of the Cabinet of Ministers, where the results of the work carried out in the country for the first five months of this year were summed up, TDH reports.
Preparations for the VI Caspian Summit discussed
The issues of preparation for the VI Summit of the Heads of the Caspian States within the framework of the events planned in Turkmenistan for 2022 were discussed on Tuesday at a meeting of the interdepartmental commission on the Caspian Sea, the website of the Foreign Ministry of Turkmenistan reports.
Gurbanguly Berdimuhamedov held a meeting on expanding Turkmen gas export routes
The issues of expanding export routes for the supply of Turkmen natural gas were discussed at a meeting held on Tuesday by President Gurbanguly Berdimuhamedov with the participation of Vice-Chairmen of the Cabinet of Ministers for the fuel and energy complex, economy and foreign policy, the State News Agency of Turkmenistan reports.
Turkmenistan's GDP growth rate for seven months amounted to 6.3%
The results of the seven months of the current year demonstrate the success of the programs implemented in Turkmenistan. A clear confirmation of this is the GDP growth rate, which amounted to 6.3% for the period under review. This was stated by President Serdar Berdimuhamedov at a government meeting last Friday, where the results of the country's socio-economic development for January-July 2024 were discussed.