Arzuw NEWS - Turkmenistan news

Yug-Neftegaz increases capital investment in Turkmenistan's fuel and energy complex

By a Singaporean company Yug-Neftegaz scheduled to increase the volume of capital investments in the fuel and energy complex of Turkmenistan. In 2020, it plans to allocate $70 million for the implementation of the project under the contract with the state concern Turkmennebit. This information was announced during an international forum aimed at involving foreign investors in the oil and gas sphere of Turkmenistan. The conference was held in Dubai on February 24-25 of the current year.

Contract between Yug-Neftegaz Private Limited (Singapore) and GC Turkmennebit (Turkmenistan) was signed in 2008. The Singapore company Singapore company was contracted to carry out overhaul and service of wells located in the western part of Turkmenistan. in the west of our country. At present the specialists of Yug-Neftegaz have already have repaired more than 1,500 wells, owing to which 2.5 mln tons oil production has been increased. The total amount of capital investments in the project to date amounted to $36 million tons. To date, total investments in this project amounted to $$369 million.

According to The Singapore-based company will carry out 80 wells in 2020 under a contract with the state concern Turkmennebit. works on 80 wells. It is expected that the total annual volume of oil production at them will be 105.3 thousand tons. annual oil production will amount to 105.3 thousand tons. It is also planned to drill six wells, According to the expert estimates, they will produce additionally 54.5 thousand tons of black gold. thousand tons of black gold.


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