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BUSINESS & ECONOMICS
1/15/09
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Turkmenistan’s national oil company, Turkmenneft, has increased year-on-year production in 2008 by 6 percent, the state news agency TurkmenPress reported on January 14.
The government-owned enterprise allegedly produced 7,964,800 tons of oil in 2008, an increase of over half a million tons from 2007’s output. Some 566 newly upgraded wells contributed 810,400 tons of oil to the 2008 total, the report said.
Deliveries to the Turkmenbashi refinery complex amounted to 321,500 tons, and the Seiden oil refinery received 10 percent more oil than it did in 2007, the agency said.
The news served as occasion for the state agency to tout Turkmenistan’s growing interest in foreign investment, as well.
"Using advanced international experience to increase the volume of raw hydrocarbons is very important. Active cooperation is taking place with companies from Russian, China, Turkey, Azerbaijan and Japan," it said.
Posted January 15, 2009 © Eurasianet
http://www.eurasianet.org
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The Central Eurasia Project aims, through its website,
meetings, papers, and grants, to foster a more informed
debate about the social, political and economic
developments of the Caucasus and Central Asia.
It is a program of the Open Society
Institute-New York. The Open Society Institute-New
York is a private operating and grantmaking foundation
that promotes the development of open societies around
the world by supporting educational, social, and legal
reform, and by encouraging alternative
approaches to complex and controversial issues.
The views expressed in this publication do not necessarily
represent the position of the Open Society Institute and
are the sole responsibility of the author or
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