Facts from Turkmenistan's oil and gas

Jul 05, 1999 02:00 AM

Turkmenistan's oil industry is currently producing 20,400 metric tons of oil per day. According to the Ministry of Oil and Gas Industry, the amount complies with the presidential program, which provides for producing 8 million metric tons of crude per year.

Over the first six months of 1999, Turkmenneft produced 2.97 million metric tons of oil, up 10 % from 1998. The output of oil, including gas condensate, totalled 3.5 million metric tons.

Since the beginning of 1999, 92 wells were put back in operation at major oil deposits in western Turkmenistan. Another 212 wells are currently being worked over. The bulk of them will be back in operation this year.

Gas production in the first six months of 1999 in Turkmenistan grew by 130 % to over 16 billion cubic meters, mainly due to exports to Ukraine that started in January.

Source: TURKMEN PRESS via NewsBase
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