Turkmen oil minister reprimanded
Turkmen President Gurbanguly Berdimuhamedov has reprimanded Acting Minister of Oil and Gas Industry and Mineral Resources Kakageldi Abdyllayev for unsatisfactory fulfilling his duties and shortcomings in his work.
According to the Turkmen government, President Berdimuhamedov has emphasized the importance of the oil and gas industry in the successful implementation of Turkmenistan's socio-economic development, stressing that the comprehensive modernization and technical upgrading, increasing resources and industrial potential of the fuel-energy complex are today one of the main tasks.
"In this context, the president has criticized the relatively slow pace of implementing the plans determined in this priority area and requested to rapidly improve the situation," a statement said.
Turkmenistan's total hydrocarbon resources hit 71.6 billion of oil equivalent, including 20.8 billion tons of oil and 50.8 trillion cubic meters of gas.
Hundreds of prospective oil and gas structures were revealed in Turkmenistan. Around 160 deposits were discovered, 60 of which are under development.
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