Ashgebat reports on investment in oil and gas sector

Jul 03, 2000 02:00 AM

According to the Turkmenistani government, accumulated direct foreign investment in the oil and gas sector of the republic currently exceeds $ 540 mm. This figure may grow to $ 7 bn by 2005 and $ 29 bn by 2010. The development strategy for the oil and gas sector provides for oil and gas production to reach 28 mm and 85 bn cm by 2005. By 2010, those figures are forecast at 48 mm tons of oil and 120 bn cm of gas.

Source: Turkmenistani Press via NewsBase
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