Turkmenistan is a country with a rapidly growing economy, which has, since gaining independence 20 years ago, achieved exceptional results. The oil and gas industry is a key contributor to this economic success. Together with the development of a stable legal foundation, in line with international standards, Turkmenistan has established the necessary conditions for attracting investment to oil and gas sector.
Advancement of the oil and gas industry is one of the main policy priorities for the country. Sustainable development of Turkmenistan's natural resources, investment in infrastructure and the petrochemical industry are vital to the continued growth of economy. For this purpose Turkmenistan requires large-scale capital investment in existing fields and prospective reserves. It is necessary to highlight one reserve, Gelkynish, the second largest gas deposit in the world. According to the latest audit data, Gelkynish contains 26.2 trillion cubic meters of gas, making Turkmenistan one of the world's leading hydrocarbon powers. Viable development of Gelkynish is conditional upon attracting global cutting edge technology and know-how in order to secure the field's significance for the future of Turkmenistan and its people.
Effective implementation of this policy is closely correlated to regional and international cooperation as well as establishment of mutually-beneficial partnerships between the public and private sectors.
Source: The International Exhibition " Oil and Gas-2013"
