Turkmenistan appoints acting head of Turkmenoil

By  Trend

The temporary execution of the duties of the chairman of the Turkmenoil (Turkmennebit) state concern is assigned to deputy head Japarguly Orazov, Trend reports referring to a published decree of the President of Turkmenistan.

The former head of the oil concern Dowletdurdy Hajyyew was relieved of his duties by the presidential decree for shortcomings in the operation.

It was reported earlier that due to assurance of the availability of proven natural gas reserves for many years, the major part of exploration is currently focused on the search for oil fields, especially in the Miocene deposits in the south-western parts of the country, and Jurassic-Cretaceous sediments in the central regions of the country.

According to local geologists, almost the entire land area of ??Turkmenistan is considered as promising for hydrocarbons. Moreover, the potential of the subsoil is estimated to a depth of seven kilometers.