Turkmenistan continues development of biggest gas field
In his address to the participants of Oil and Gas Turkmenistan -2013 (OFT-2013) Turkmenistan President Gurbangulu Berdymohammadov said that implementation of a wide-scale project to develop the world biggest gas field Galkynysh continues.
“The construction of the gas cleaning plant with the production capacity of 30 billion cub.m. of tank gas a year is currently in progress as a part of the second stage of the field development,” said the message.
President has reminded the recent launching of the gas cleaning plants on Galkynysh as a part of the first stage.
He said the Turkmen specialists have been working side by side with their colleagues from China, Korea and United Arab Emirates.
The biggest fields in Turkmenistan are located on the east of the country in Mary district – total resources of Galkynysh together with the neighboring fields are estimated by local geologists and British GCA company at 26.2 trillion cub.m.
The works on Galkynysh are carried out since 2009 on the basis of the service contracts. Turkmengas has instructed CNPC, Chuanqing Drilling Engineering Company Limited (Korea), LG International Corp and Hyundai Engineering Co., Ltd (South Korea), Petrofac International LLC. and Gulf Oil & Gas FZE (ОАЭ) to perform some works.
The capacities to make 30 billion cub.m. of tank gas a year were installed in early September as a part of the first stage of Galkynysh. During this period Turkmenistan and China have agreed to start the talks to fund the second stage of the Galkynysh development.
Turkmenistan is among the key players at the energy market in the Caspian Sea region and it has been exporting gas to Russia and Iran for a long time. The route to China was opened in 2009, which is a strategic buyer of gas at present.—0—
Economics
-
On December 10, President Ilham Aliyev of Azerbaijan has signed a decree amending the 2014 presidential order on the management of the Shah Deniz Phase 2 gas-condensate field and Southern Gas Corridor (SGC) projects, granting the State Oil Company of Azerbaijan (SOCAR) expanded control to ensure financial consolidation.
-
In the period from January to November 2024, Azerbaijan's exports not related to oil and gas increased by 1.9% compared to the same period in 2023, reaching a total value of $3.1 billion. This growth, noted in the latest "Export Survey" published by the Center for Analysis and Communication of Economic Reforms, reflects the country's diverse and expanding export portfolio.
-
In a significant step towards fostering cashless transactions, Azerbaijan has extended its innovative "Return VAT" program to include real estate purchases. Between January and November 2024, citizens recovered 160.3 million manat through the program, marking a notable milestone in the government’s efforts to promote digital payments and enhance consumer benefits.
-
Entrepreneurs operating in markets across Azerbaijan will be required to register for taxation. Failure to do so will result in a financial penalty of 2,000 manat for each unregistered entrepreneur, imposed on market owners or administrators. This requirement is included in proposed amendments to the Tax Code, set to be discussed in Parliament.
Leave a review