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President: Turkmenistan has all prerequisites to increase gas production, exports

14 December 2012 13:47 (UTC+04:00)
President: Turkmenistan has all prerequisites to increase gas production, exports

Turkmenistan has all the prerequisites to increase the volume of gas production and exports in the coming years, President Gurbanguly Berdymukhamedov said in his message on the occasion of the Day of Workers of Oil and Gas Industry and Geology, celebrated on Friday, Trend news agency reported.

"The presence of the richest deposits of hydrocarbon raw material and a favorable investment climate for potential foreign partners has led to the international recognition of Turkmenistan as a major energy power," the message says.

According to the Turkmen leader, the integration of oil and gas complexes of Turkmenistan into the global energy system, the construction of reliable pipelines to bring hydrocarbon raw materials to the world markets enabled the efficient use of natural resources of the country in order to bring the social and living conditions of the people into line at world level.

Berdymukhamedov draws attention to the fact that the most urgent tasks of the oil and gas complexes for the future are the efficient use of the huge natural gas reserve, its processing and production of high quality polymers which are in great demand in the world market.

"Based on its favorable geopolitical position and leading position in the world for its oil and gas reserves, Turkmenistan has a very balanced approach to the issue of efficient use of its vast natural and economic resources for the benefit of current and future generations," the Turkmen leader says.

It is noted that the current development of the gas industry of Turkmenistan is based on mutually beneficial cooperation with foreign companies, construction and commissioning of new gas pipelines and a major industrial infrastructure.

"As a result of this, multilateral cooperation with many countries in the world becomes more and more effective, contributing to the strengthening of friendly relations. One should note the construction of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline in this regard," Berdimuhammadov said.

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