TURKMENISTAN

(in Former Soviet Union)

CAPITAL: ASHGABAT

POPULATION: 5 mm

AREA (on): 488,100 km2

OIL PEAK: 1973

SUPPLY

Most Turkmen oil production comes from the Caspian Sea and adjacent regions onshore. Output peaked in 1973 but is now rising to a second, slightly lower peak as foreign investment and new export routes help raise production from all regions.

However Turkmenistan is primarily a gas-prone country. It has some potential in lands adjacent to the Caspian Sea but its most significant resources are located in the Amu Daria basin in the southeast. New export markets in the south will lead to steady growth in output through the decade.

 

DEMAND

After increasing through to 2001 oil consumption in Turkmenistan is now increasing at a slower rate although may pick up again exports remain stable.

Gas consumption is expected to grow rapidly as the country develops its residential sector. Exports, probably to Pakistan and India as well as increased exports into the Russian network, will also begin as new infrastructure is installed.

 

 
 

 

 

This is a simple forecast - detailed forecasts including offshore and onshore, deep water splits, sedimentary basins and major fields and drilling etc. can be purchased for most countries.

 

An onshore and offshore oil and gas production, consumption and drilling activity forecast report on this country can be commissioned,

including all relevant charts. Contact us for price and contents list.

 

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