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DIVERSIFICATION AND DIGITALIZATION – STRATEGY FOR GROWING THE POTENTIAL OF THE OIL AND GAS INDUSTRY OF TURKMENISTAN
18 Jul
DIVERSIFICATION AND DIGITALIZATION – STRATEGY FOR GROWING THE POTENTIAL OF THE OIL AND GAS INDUSTRY OF TURKMENISTAN

An important aspect of the policy consistently implemented by President Gurbanguly Berdimuhamedov is the effective use of the potential of the oil and gas industry.



At an expanded meeting of the Cabinet of Ministers held on July 3, the head of state gave a number of instructions to further improve the activities of fuel and energy enterprises, increase the production and processing of oil and natural gas, introduce modern digital technologies, and expand international cooperation in the energy sector.



Among the key tasks was the development of oil and gas blocks in the Turkmen sector of the Caspian Sea and oil fields discovered in the Caspian zone of Western Turkmenistan, active attraction for these purposes of foreign investments and experienced foreign companies.



The constructive initiatives of President Gurbanguly Berdimuhamedov, enshrined in the relevant Resolutions of the UN General Assembly, are aimed at forming a new architecture of global energy security that meets the realities and demands of the time.



In this area, large projects are being successfully implemented, which are of great importance both from the point of view of enhancing interstate trade and economic relations, and in the context of solving global problems in the field of environmental protection, the transition to the use of clean energy.



An illustrative example of this is the construction of the Turkmenistan-China transnational gas pipeline, since its commissioning in December 2009, many billions of cubic meters of high-quality natural gas has been exported to the PRC annually from the fields operated primarily by the State Concern Türkmengaz.



Continuing the topic, we note that at present, gas is being supplied to the Russian Federation via the Central Asia-Center gas pipeline within the framework of a five-year contract with Gazprom for the purchase of natural gas from the State Concern Türkmengaz.



Along with exports, the most important task of the fuel and energy complex is to meet the growing domestic demand for energy resources, which is due to the dynamic pace of development of the leading sectors of the national economy, including oil and gas, chemical, power, construction, etc.



In recent years, modern industrial giants have been commissioned, specializing in the deep processing of hydrocarbon raw materials. In particular, these are gasoline production units at the Turkmenbashi complex of oil refineries, a polymer plant in Kiyanly that produces high-density polyethylene and polypropylene of various grades, as well as the world’s first plant for the production of synthetic gasoline from natural gas in Akhal velayat, built with the participation of leading companies and banks in Japan and the Republic of Korea.



Great prospects are associated with the fields of the Turkmen sector of the Caspian Sea, experts estimate their reserves at 12.1 billion tons of oil and condensate, as well as 6.1 trillion cubic meters of gas.



The state corporation “Türkmengeologiýa” is to expand the exploration program designed to reveal new deposits of oil and gas and other natural resources. Additional seismic surveys using more modern equipment and software are carried out on the territory of all oil and gas regions, including known fields, where new productive strata can be identified.