Dragon Oil will switch to zero gas flaring in Turkmenistan by 2027
15:13 02.11.2023 11159
The Dragon Oil company plans to switch to zero gas flaring in Turkmenistan by 2027. This was announced by Dragon Oil CEO Ali Rashid Al-Jarwan, emphasizing that this will make hydrocarbon production environmentally friendly.
“Currently, we use 70 percent of the gas we produce, but in three years we hope to reach 100 percent, which will make our hydrocarbon production environmentally friendly for Turkmenistan,” said Ali Rashid Al Jarwan, speaking at the International Oil and Gas Conference Turkmenistan 2023", which was held in Ashgabat on October 25-27.
Emirati company Dragon Oil recently completed a 3D scan of the field in collaboration with its partner Türkmennebit. This scanning process allows for more precise definition of sediment contours and precise placement of drilling points, the company's CEO noted.
It is planned to increase oil production in the Cheleken contract area
At present, the State Concern «Turkmennebit» is working on the development of fields that are part of the Cheleken contract area, as well as increasing the volume of oil produced by drilling new oil wells.
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Liquefied gas, polyethylene and diesel fuel were sold at the auction
15 transactions were registered at the auction of the State Commodity and Raw Materials Exchange of Turkmenistan last week.
OPEC maintains estimates of oil demand growth in 2023 and 2024
Oil demand in 2023 will grow by 2.44 million barrels per day by 2022 to 102.01 million bpd, and in 2024 it will increase by another 2.25 million bpd to 104.25 million bpd With. Such forecasts are given in the monthly report of OPEC, reports Interfax. Thus, the organization upheld the forecasts made last month.
President of Uzbekistan highly appreciated the results of the UN Conference in Avaza
The President of Uzbekistan Shavkat Mirziyoyev highly appreciated the UN International Conference on Landlocked Developing Countries, held last week in the Avaza National Tourist Zone.