What are the main activities of the Russian oil & natural gas industry?
Exploration and development of oil and natural gas fields, especially Galkynysh (formerly South Yoloten), Osman, Minara, Tagtabazar-I, Caspian Sea offshore blocks, and mainly Dostluq field, and the Central Karakum group of fields. Construction of gas treatment and processing units at the abovementioned fields.
How much oil does Turkmenistan produce a day?
Turkmenistan produced approximately 80 billion cubic meters of natural gas in 2022, exporting about half, mostly to China. Oil production in 2022 reached 216,000 barrels per day. Turkmenistan consumes roughly 60 percent of its oil production domestically and exports the remainder over the Caspian Sea to world markets.
Is Turkmenistan rich in hydrocarbon resources?
Turkmenistan is rich in hydrocarbon resources. Turkmenistan produced approximately 80 billion cubic meters of natural gas in 2022, exporting about half, mostly to China. Oil production in 2022 reached 216,000 barrels per day.
Is Turkmenistan a good opportunity for US companies?
Turkmenistan has also stated its intention to reduce methane emissions from the oil and gas sector, offering a promising opportunity for U.S. companies providing related products and services. Sub-sector best prospects: Include the sub-sectors in which U.S. companies would have the best opportunity of exporting.