Follow us:
  • Facebook
  • Twitter
  • Google+
  • AppStore
  • RSS
Azernews.Az
Wednesday January 20 2021
  • Latest
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel
Home
  • Home
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel

EIA revises up forecasts for Turkmenistan’s oil production

1 March 2020 13:37 (UTC+04:00)
1 529

By Trend

Turkmenistan is expected to produce 0.25 million barrels of petroleum and other liquids per day as of 2020, the US Energy Information Administration (EIA) said in its February Short-term Energy Outlook (STEO), Trend reports.

EIA has also increased the forecasted volume of oil output in Turkmenistan for 2021, when the country is expected to produce 0.24 million barrels per day, as compared to 0.22 million barrels per day forecasted in the previous STEO.

As EIA estimates, Turkmenistan produced 0.25 million barrels of petroleum and other liquids per day as of 2019.

The country’s quarterly production in 2020 is expected to remain at 0.25 million barrels per day for all four quarters.

EIA estimates that Turkmenistan’s daily petroleum and other liquids production will stabilize at 0.24 million barrels per day for all four quarters.

Turkmenistan is rich in oil and especially gas resources. According to official figures, Turkmenistan’s resource base is approximately 71.64 billion tons of oil equivalent, including 53 billion tons located in onshore fields and 18.21 billion tons in the Caspian Sea.

The 2018 British Petroleum (BP) Statistical Review of World Energy indicated that Turkmenistan, as of the end of 2017, had 100 million tons of proven oil reserves and 19.5 tcm of gas.

The country is actively engaged in exploration and development of oil and natural gas fields, especially Galkynysh (formerly South Yoloten), Osman, Minara, Tagtabazar-I, offshore blocks, and the Central Karakum group of fields. Construction of gas treatment and processing units at the abovementioned fields are ongoing. Opportunities also exist for gas-to-liquid (GTL) technology providers as Turkmenistan is currently building two GTL plants.

---

Follow us on Twitter @AzerNewsAz 

  • #TURKMENISTAN
  • #EIA
  • #OIL PRODUCTION

Related News

Azerbaijan, Afghanistan, Turkmenistan sign roadmap to intensify co-op in several spheres

Azerbaijan, Afghanistan, Turkmenistan sign roadmap to intensify co-op in several spheres

14:35
Turkmenistan appoints new ambassador to Kazakhstan

Turkmenistan appoints new ambassador to Kazakhstan

4 January 13:11
Lithuania eyes developing co-op with Turkmenistan in transport sector

Lithuania eyes developing co-op with Turkmenistan in transport sector

21 December 2020 11:58
FAO promotes use of climate-friendly farming methods in Turkmenistan

FAO promotes use of climate-friendly farming methods in Turkmenistan

18 December 2020 13:25
SOCAR wins Eni’s tender for oil purchases from Turkmenistan

SOCAR wins Eni’s tender for oil purchases from Turkmenistan

14 December 2020 14:39
Turkmenistan set to continue providing humanitarian assistance to world countries

Turkmenistan set to continue providing humanitarian assistance to world countries

10 December 2020 18:50
ARETI making efforts to increase export potential of Turkmenistan’s fuel, energy sector

ARETI making efforts to increase export potential of Turkmenistan’s fuel, energy sector

9 December 2020 16:37
Turkmenistan signs document approving development program

Turkmenistan signs document approving development program

7 December 2020 17:40
Turkmenistan committed to humanitarian cooperation within the OSCE

Turkmenistan committed to humanitarian cooperation within the OSCE

4 December 2020 11:13
OSCE shares experience in risk management of oil and gas infrastructure with Turkmenistan

OSCE shares experience in risk management of oil and gas infrastructure with Turkmenistan

30 November 2020 17:12
  • Latest
  • Popular
14:48 • Azerbaijan lists documents needed for visa-free entry for Turkish citizens
14:35 • Azerbaijan, Afghanistan, Turkmenistan sign roadmap to intensify co-op in several spheres
14:17 • UK ambassador to Azerbaijan makes statement on January 20 tragedy
14:09 • Azerbaijan, Iran ink deal on railway sector
13:45 • Russian and Azerbaijani sappers continue defusing mines in liberated territories [PHOTO]
13:32 • Azerbaijan develops program for recycling old cars
13:24 • Jewish community in Azerbaijan revere memory of victims of January 20 tragedy
13:15 • Aide to Azerbaijani president shares post on Twitter on anniversary of Black January tragedy [VIDEO]
12:55 • Russia sends additional equipment to Azerbaijan for demining liberated lands [PHOTO/VIDEO]
12:41 • Azerbaijan holds minute of silence to honor January 20 victims [PHOTO/VIDEO]
12:35 • President, First Lady visit Martyrs' Alley over 31st anniversary of Black January tragedy [PHOTO]
12:13 • Azerbaijan’s Consulate General in Los Angeles produces short film on Black January tragedy [VIDEO]
11:54 • As always, on Day of National Mourning, we mourn with Azerbaijan - Turkish Embassy
11:42 • First Vice- President Mehriban Aliyeva shares Instagram post on 20 January tragedy [PHOTO]
11:30 • National Library highlights Black January events
11:10 • Turkic Council commemorates heroes of Azerbaijan on occasion of Black January tragedy anniversary
10:50 • Vatican responds to appeal of CMO chairman on Nagorno-Karabakh
10:43 • Soviet leadership tried to break will of Azerbaijani people by sending troops to Baku in 1990 - MP
10:18 • MFA issues statement on anniversary of Black January tragedy
10:00 • President Ilham Aliyev makes Facebook post on anniversary of 20 January tragedy [PHOTO]
19 January 16:49 • SOCAR, Turkic-speaking countries mull joint energy projects [PHOTO]
19 January 16:06 • President Aliyev sets up his representative offices in liberated lands
19 January 19:00 • Armenia's revanchist statements against Azerbaijan threaten primarily its people - Ukrainian expert
00:10 • Azerbaijan marks 31st anniversary of Black January
19 January 18:43 • Azerbaijani transport agency's chief sums up activities in 2020
19 January 18:17 • Azerbaijani ministry discusses damage to Kalbajar's flora caused by Armenia [PHOTO/VIDEO]
19 January 16:00 • Turkey can normalize relations with Armenia depending on stable ceasefire in Karabakh - FM
19 January 17:37 • Solo-show of Azerbaijani artist highlighted in foreign media
19 January 18:39 • Azerbaijan's contribution allows reducing greenhouse gas emissions - minister
19 January 18:50 • New copper and gold field discovered in Azerbaijan
19 January 17:07 • French media reported second Karabakh War only from Armenia's viewpoint - famous photojournalist [PHOTO]
19 January 17:32 • Russian ballet lovers plunge into "Arabian Nights" [VIDEO]
19 January 17:14 • Envoy: Japan eyes participation in restoring Azerbaijan’s liberated lands [PHOTO]
19 January 17:15 • Azerbaijani company talks restoration of water supply sources to Shusha
19 January 17:00 • Azerbaijan discloses timeframe for commissioning Victory Road to Shusha city [PHOTO]
19 January 18:24 • Azerbaijan's Economy Ministry unveils volume of sold products in industrial parks
19 January 19:14 • CBA unveils amount of foreign currency sold to local banks
19 January 16:40 • Azerbaijani president expresses condolences to Indonesian counterpart
19 January 16:59 • Iran plans to hold exhibition of construction materials in Azerbaijan
19 January 18:00 • Iran, Turkey sign documents to increase potential of railway transport
See more
AzerNews Newspaper
AzerNews
  • Facebook
  • Twitter
  • Google+
  • RSS

Information

About us Contacts Advertising Azernews In Print

News Archive

© 2021 AzerNews. All rights reserved