Since early year over 4.4 million tons of crude oil has been refined at the complex of oil refineries in Turkmenbashi city, which is the biggest one in the country, reported Turkmenistan Ministry of Oil and Gas Industry and Mineral Resources.
“During last year the Turkmenbashi complex of oil refineries has refined over 4,409,000 tons of crude oil, the pace of production increased up to 101.9%,” reads the information.
The most significant results were achieved during production of polypropylene, gasoline and oil bitumen.
In 2012 the oil refinery has refined 6,535,000 tons of oil. In 2015 Turkmenistan plans to increase capacity of the oil refinery up to 15 million tons of oil a year, in 2020 – up to 20 million tons, in 2025 – up to 22 million tons and in 2030 – up to 30 million tons.
At the current stage the country extracts approximately 10 million tons of oil a year, significant amount of which is refined at local oil refineries.—0--
Economics
-
Azerbaijan has dispatched its first rail cargo shipment from Baku to China, marking a significant milestone in its ambitions to become a critical hub along the Middle Corridor. The Azerbaijan Railways (ADY) confirmed on Sunday that the inaugural "Baku-Xi'an" export block train, comprising 62 40-foot containers, has begun its journey.
-
Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
-
Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
-
Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
Leave a review