SINOPEC's Turkmenistan branch produced oil worth $200 million
15:42 01.07.2026 1411
The Chinese corporation SINOPEC's branch in Turkmenistan produced over 1 million tons of oil in four years, worth approximately $200 million, according to the Business Advertising newspaper.
The project, run by SINOPEC, an international oilfield services company affiliated with the Chinese petrochemical corporation, is being implemented under a contract with the State Concern Turkmennebit.
The company performs a wide range of oilfield services, and thanks to the use of modern technologies, daily oil production has increased by more than 1,500 tons.
The production of over 1 million tons of crude oil was a major achievement achieved jointly by all project participants, clearly demonstrating the professionalism, resource coordination, and responsible approach of the SINOPEC group in Turkmenistan.
SINOPEC's branch also participated in work at the Shatlyk, Dovletabad, Yashyldepe, and Bagtyyarlyk fields, where drilling, well workover, and gas and oil production enhancement projects were completed.
In the future, the company intends to continue introducing modern technologies in Turkmenistan, improving the efficiency of mature field development, and implementing new projects.
Transactions for the export of LNG and jet fuel were entered at exchange trading
On Monday, August 22, 12 transactions were concluded at the State Commodity and Raw Materials Exchange of Turkmenistan for a total of $5.4 million, the ORIENT news agency reported.
It is planned to increase hydrocarbon production in Balkan region
In the Balkan region, a key region in the oil and gas sector of Turkmenistan, it is planned to increase natural gas production to 11 billion cubic meters per year by 2025. The head of the Department for Analysis of Economic Risks of the Agency for Protection from Economic Risks under the Ministry of Finance and Economy of Turkmenistan, Hangeldi Gurbangeldiev, said this in a commentary for the official Turkmen press.
Modern Information and Analytical Center for sustainable energy development has been opened in Turkmenistan
Today, March 26, the grand opening of the Information and Analytical Center was held at the Natural Gas Research Institute of the State Concern "Turkmengas". The center is equipped with the latest IT equipment purchased with the support of the European Union project "Green Development of Turkmenistan: Policy Dialogue and Climate Action for 2024-2028", funded by the European Union and the German Foreign Ministry and implemented by GIZ.
Hero-Arkadag and Recep Erdogan noted the rapid development of bilateral cooperation
On Sunday, March 30, a telephone conversation took place between the National Leader of the Turkmen people, Chairman of the Halk Maslahaty of Turkmenistan Hero-Arkadag Gurbanguly Berdimuhamedov and the President of the Republic of Turkey Recep Tayyip Erdogan, TDH reports.
