In Turkmenistan, at the end of 2023, the plan for the production of natural and associated gas was fulfilled by 106.9%, and for gas export - by 112.6%. Deputy Chairman Batyr Amanov reported about this during an extended meeting of the Cabinet of Ministers.
Turkmenistan's industrial sector demonstrated robust growth at the end of 2023, with natural gas production reaching 80 billion 618.7 million cubic meters and oil production reaching 8 million 316.7 thousand tons, as reported by Dovletgeldi Amanmuhammedov, the Chairman of the State Committee on Statistics, during an extended meeting of the Cabinet of Ministers.
Dragon Oil is set to embark on the testing phase of the Block 19 oil and gas well in the Turkmen sector of the Caspian Sea, with plans to produce 20,000 barrels of Turkmen oil daily, as announced by the company's CEO, Ali Rashid Al-Jarwan. The statement was made during a meeting with the leadership of the Türkmennebit (Turkmen Oil) State Concern in Ashgabat.
Two thousand tons of liquefied gas, previously sent by Turkmenistan to Kyrgyzstan as humanitarian aid, have been delivered to Bishkek on 58 wagons. The humanitarian fuel cargo was met by representatives of state agencies of the republic, Vesti.kg reported.
Minister of Energy of the Kyrgyz Republic Atabek Abylgaziev accepted the humanitarian cargo and expressed gratitude to the leadership of Turkmenistan for the aid sent.
International rating agency Fitch Ratings has affirmed Turkmenistan's Long-term foreign currency Issuer Default Rating (IDR) at 'B+' with a 'Positive' outlook.
"The rating is supported by Turkmenistan's extremely strong sovereign balance sheet with the highest sovereign net foreign asset (SNFA)/GDP and lowest sovereign debt in the 'B' peer group, backed by the fourth largest gas reserves in the world."
The European Bank for Reconstruction and Development is implementing 22 projects in Turkmenistan. The country has been a member of the EBRD since 1 June 1992, and since then the bank has implemented 87 different projects in Turkmenistan. This was announced by Deputy Chairman and Minister of Foreign Affairs of Turkmenistan Rashid Meredov during a government meeting, TDH reported.
The Turkish state-owned company BOTAŞ has affirmed its willingness to assist in the export of Turkmen gas to the Turkish market. This commitment was conveyed during a meeting on January 29, 2024, in Ankara, between BOTAŞ management and a Turkmen delegation representing the Türkmengaz (Turkmen Gas) and Türkmennebit (Turkmen Oil) state concerns.
According to the press-release published by Turkish company, the discussions primarily focused on the prospects of Turkmen gas supplies to Türkiye, exploring both short-term and long-term cooperation possibilities.
Scientists from the Oil and Gas Research and Design Research Institute (Nebitgazylmytaslama) of the Turkmennebit State Concern have introduced developments for the purification of formation waters.
Oil contains in its chemical composition resins and paraffin, which over time form solid deposits in the pipes of production wells. As a result, the throughput capacity of the tubing string - pump and compressor pipes - is significantly reduced.
The delegation of PETRONAS (Malaysia) headed by the Vice President for International Assets met with the State Minister - Chairman of the State Concern "Turkmengas" and specialists of the Concern in the building of Turkmenistan's oil and gas complex in Ashgabat.
At the meeting, representatives of the Turkmen side noted that successful implementation of the strategy aimed at innovative development of the country's energy complex and gas sector, strengthening ties with foreign partners is one of the strategic successes of Turkmenistan. The parties discussed issues of expanding and strengthening cooperation on the ongoing projects.
The "Lebapgazchykarysh" Department of the State Concern "Turkmengas" produced more than 10.9 billion cubic metres of natural gas in 2023, which is more than 1 billion more than planned.
The plan for natural gas production in 2023 was fulfilled by 110.5 percent, said Berdy Berdymetov, Head of the central production and dispatching service of the "Lebapgazchykarysh" Department of the SC "Turkmengas".