Turkmenistan has the world’s fourth largest natural gas reserve estimated at 101 trillion cubic feet, and 60 million barrel oil reserve (By another account: around 265 trillion cubic feet and proven oil reserves of around 600 million barrels).
Turkmenistan has the world’s fourth largest natural gas reserve estimated at 101 trillion cubic feet, and 60 million barrel oil reserve (By another account: around 265 trillion cubic feet and proven oil reserves of around 600 million barrels). The country is well positioned for large-scale investment as the latest results of an independent audit have confirmed the super giant Galkynysh field as the second-largest natural gas reserve in the world.
Recently it was reported that the country has 38 oil and 82 gas condensate fields and 153 gas fields, including 142 onshore fields and 11 fields on its sea shelf.
Turkmenistan has been exporting raw materials to Russia and Iran for a long time already and a new route to China was opened in 2009.
They need to boost exploration and production, which peaked at 213,000 bbl/d in 2004 and then declined slightly to about 202,000 bbl/d in 2010.
http://www.khaleejtimes.com/biz/inside.asp?xfile=/data/uaebusiness/2013/March/uaebusiness_March214.xml§ion=uaebusiness
http://oilprice.com/Energy/Energy-General/Turkmenistan-Opportunities-in-Diversification.html