Turkmenistan intends to invest $46bn in O&G industry before 2025
The President of Turkmenistan has approved the strategy for country’s social and economic development before 2025. Within the framework of the strategy, $46bn will be invested in O&G.
Among the top priorities is the construction of gas chemical facility specialised in PE (200 k t), PP (390 k t), PVC (100 k t), caustic soda, chloride, and hydrogen chloride. The facility will be located in Kiyanly of the Balkansky region. The gas processing capacity is estimated at 1,5 bcma.
As follows from the approved document, a urea facility with a capacity of 1.15 mtpa will be built in Garobogaz. Besides, it is projected to renovate iodine and bromide facility and reconstruct the gas unit, with gas chemical facility to be further built on its premises producing 80 k t of SBR and 45 k t of PSC.
The projections also include the construction of RON 92 gasoline facility. The process capacity is estimated at 600 k tpa with natural gas as a feedstock. The enterprise is expected to be launched in 2024.
Turkmenistan is among top 5 countries with the biggest proven gas reserves.
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