According to assessments of independent and Turkmen experts, Turkmenistan has 20.8 billion tons of oil and 24.6 trillion cubic meters of natural gas.  These figures were announced at a conference “Oil and Gas of Turkmenistan-2008”, held 17-19 April, reported Ferghana.ru, citing Turkmenistan-Golden Age. The forum was held in the London institute of directors and included about 160 leading international energy companies from 23 countries, including BP, Chevron Corporation, Exxon Mobil, Marathon Oil Corporation, Total, Conoco Phillips, Worley Parsons and others.

According to Turkmenistan representatives, both on land and sea, more than a thousand promising oil and gas deposits have been identified in the country, over 150 fifty of which have been opened.  Fifty of those are currently in development.  As reported by the news source, Turkmenistan plans to extract 110 million tons of oil and 250 billion cubic meters of natural gas by 2030.

This information was originally published on April 18, 2008.  (www.ferghana.ru)