Azernews.Az

The growth rate of Turkmenistan's GDP over the first ten months of 2013 amounted to 10 percent, the Turkmen Economy and Development Ministry reported.

The volume of industrial production in Turkmenistan grew by 13.2 percent compared to the same period of 2012.

The volume of investments from all financing sources, increased by 7.2 percent compared with the same period of 2012. The specific weight of the investment to GDP was 45.6 per cent.

Turkmenistan holds one of the key positions in the region for natural gas supplies. Its importers are Russia, China and Iran.

Meanwhile, the country's leadership has taken a course for the diversification of economy; the spheres such as oil and gas processing, textile industry, cotton processing industry and production of construction materials develop in recent years.

Over the ten months of 2013 the plan for the production of natural and associated gas has been fulfilled by 106.7 per cent, and plan for production of oil and gas condensate has been carried out by 105.4 per cent.

The oil and petroleum production also grew compared to the same period of the last year increased. The production of gasoline, polypropylene, liquefied gas also increased.

The volume of drilling operations significantly increased, and the growth rate amounted to 135.4 per cent in comparison with the same period of 2012.

According to the ministry, implementation of large-scale investment projects is currently ongoing at large fields across the country.