ID :
202440
Sat, 08/20/2011 - 13:37
Auther :
Shortlink :
https://oananews.org//node/202440
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Turkmen President: Turkmenistan fuel and energy complex focuses on enhancing international cooperation
2011.08.20 13:14
Turkmenistan, Ashgabat, Aug.20 / Trend, H. Hasanov /
Turkmen President Gurbanguly Berdimuhammadov at the government meeting said that the country's energy strategy "is focused on the dynamic development of fuel and energy sector, and increasing productive international partnerships," the country's official media outlets reported on Saturday.
According to information, the meeting heard a report of the State Agency for Management and Use of Hydrocarbon Resources under the Turkmen President, including the results of cooperation with foreign partners.
Berdimuhammadov said that Turkmenistan stands for further strengthening and diversifying the business contacts that "causes the world's leading companies’ growing interest in the Turkmen market".
"Turkmenistan has been always open for cooperation on an equal and mutually beneficial basis," he said.
In general, areas of Amu Darya’s right bank, practically untouched by the development of the Caspian Sea fields, are considered promising throughout the country.
More than 1,000 prospective oil and gas structures were discovered, more than 150 fields were opened both onshore and offshore areas of the Caspian Sea and only 50 of them are under development.
The country’s largest field, South-Osman Yoloten, has resources estimated by Turkmengeology State Corporation within more than 20 trillion cubic meters.
Long-term cooperation agreements were signed with Russia, China and Iran on fuel and energy complex, while a memorandum on energy cooperation was signed with the European Union.
Foreign participation has great importance in developing the Caspian Sea's reserves. Negotiations are underway with Chevron, ExxonMobil, Total, Gas de France, Eni, ConocoPhilips, Midland Oil & Gas, British Petroleum and several companies from the Far East and Persian Gulf.
According to some estimates, there are 11 billion tons of oil and 5.5 trillion cubic meters of gas, excluding already contracted blocks, in the Turkmen sector of the Caspian Sea.
The specialists of local state concerns have noted that more than 80 percent of the hydrocarbon reserves are located in sediment at a depth of 3,000 meters, as well as in poorly studied oil and gas areas. Thus, there is still a high probability of discovering significant new oil and gas fields.
New perspectives are associated, primarily, with two major oil and gas basins - the Middle Caspian and South Caspian.
Turkmenistan, Ashgabat, Aug.20 / Trend, H. Hasanov /
Turkmen President Gurbanguly Berdimuhammadov at the government meeting said that the country's energy strategy "is focused on the dynamic development of fuel and energy sector, and increasing productive international partnerships," the country's official media outlets reported on Saturday.
According to information, the meeting heard a report of the State Agency for Management and Use of Hydrocarbon Resources under the Turkmen President, including the results of cooperation with foreign partners.
Berdimuhammadov said that Turkmenistan stands for further strengthening and diversifying the business contacts that "causes the world's leading companies’ growing interest in the Turkmen market".
"Turkmenistan has been always open for cooperation on an equal and mutually beneficial basis," he said.
In general, areas of Amu Darya’s right bank, practically untouched by the development of the Caspian Sea fields, are considered promising throughout the country.
More than 1,000 prospective oil and gas structures were discovered, more than 150 fields were opened both onshore and offshore areas of the Caspian Sea and only 50 of them are under development.
The country’s largest field, South-Osman Yoloten, has resources estimated by Turkmengeology State Corporation within more than 20 trillion cubic meters.
Long-term cooperation agreements were signed with Russia, China and Iran on fuel and energy complex, while a memorandum on energy cooperation was signed with the European Union.
Foreign participation has great importance in developing the Caspian Sea's reserves. Negotiations are underway with Chevron, ExxonMobil, Total, Gas de France, Eni, ConocoPhilips, Midland Oil & Gas, British Petroleum and several companies from the Far East and Persian Gulf.
According to some estimates, there are 11 billion tons of oil and 5.5 trillion cubic meters of gas, excluding already contracted blocks, in the Turkmen sector of the Caspian Sea.
The specialists of local state concerns have noted that more than 80 percent of the hydrocarbon reserves are located in sediment at a depth of 3,000 meters, as well as in poorly studied oil and gas areas. Thus, there is still a high probability of discovering significant new oil and gas fields.
New perspectives are associated, primarily, with two major oil and gas basins - the Middle Caspian and South Caspian.
