Turkmenistan boosts oil production in 2008

Jan 15, 2009 01:00 AM

Turkmenistan's national oil company, Turkmenneft, has increased year-on-year production in 2008 by 6 %.
The government-owned enterprise allegedly produced 7,964,800 tons of oil in 2008, an increase of over half a million tons from 2007's output. Some 566 newly upgraded wells contributed 810,400 tons of oil to the 2008 total, the report said.

Deliveries to the Turkmenbashi refinery complex amounted to 321,500 tons, and the Seiden oil refinery received 10 % more oil than it did in 2007.
The news served as occasion for the state agency to tout Turkmenistan's growing interest in foreign investment, as well.

"Using advanced international experience to increase the volume of raw hydrocarbons is very important."
"Active cooperation is taking place with companies from Russian, China, Turkey, Azerbaijan and Japan," it said.

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