Turkmenistan seeks investors

The Turkmen government intends to attract foreign companies to invest in its offshore oil and gas industries. Some 32 promising oil and gas fields in the Turkmen sector of the Caspian are currently being offered to foreign investors for prospect and development. Geoseismic research, carried out jointly by Turkmen and foreign experts, as well as interpretation and analysis of all the available data on the Turkmen sector of the Caspian and calculations of the parameters of oil and gas bearing strata between 2000 and 7000 metres depth, conclude that hydrocarbon resources of the Turkmen sector are equal to 11 billion tonnes of oil and 5500 billion cubic metres of gas, without taking into account the areas Bloc-1 and Celeken. In the future there are plans to construct an oil pipeline running from Kazakhstan via Turkmenistan and Iran along the Caspian Sea shore to the Persian Gulf. Exports of Turkmenistan’s oil products are currently carried via Turkmenbasy sea port [western Turkmenistan] via sea terminals Alaja and Ekerem.

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