BBC Worldwide Monitoring

Prime-TASS News Agency (Moscow, Russia)

November 16, 2004

Section: Kazakhstan, Uzbekistan, Tajikistan, Kyrgyzstan, Turkmenistan and Afghanistan

as provided by BBC Monitoring International Reports

Index Terms:

TURKMEN
GAS

Turkmen recoverable gas reserves seen at 20 trillion cubic meters

Article Text:

Text of report in English by Russian news agency Prime-TASS

Ashgabat, 16 November: Turkmenistan's recoverable natural gas reserves amount to more than 20.4 trillion cubic meters [as received], while oil reserves stand at about 400m tonnes, Orazmuhammed Atageldiyew, president of Turkmengeology exploration company, said Tuesday [16 November].

As of now, 1.972 trillion cubic meters of gas [as received] and more than 445m tonnes of oil have been produced in Turkmenistan, since production started, he said.

Meanwhile, Turkmenistan plans to invest more than 60bn dollars in the oil and gas industry by 2020, increasing annual gas output to 240bn cubic meters and oil output to 100m tonnes, Turkmen oil and gas [and mineral resources] minister, Amangeldi Pudakow, said Tuesday.

In 2003, Turkmenistan produced 10m tonnes of oil and 60bn cubic meters of natural gas.

Original Language: English

Source: Prime-TASS news agency, Moscow, in English 1932 gmt 16
Nov 04/BBC Monitoring © British Broadcasting Corporation 2004

Record Number: 1066D4B8179589DD

Article Bookmark(OpenURL Compliant):Turkmen recoverable gas reserves seen at 20 trillion cubic meters (Prime-TASS News Agency (Moscow, Russia), November 16, 2004)