Turkmenistan keen on boosting petroleum products industry

By Azernews

By Ali Mustafayev  

Turkmenistan plans to build several new installations in the petroleum refinery complex of Turkmenistan.

The country, in a bid to develop the sector, plans to construct installation for hydro refinement of diesel fuel, the unit for hydro refinement of secondary gasoline, unit for hydrogen production, installation for catalytic IDW, installation for catalytic cracking of the heating oil, according to Trend.

These projects will allow to diversify the line of products and enhance their quality.

Besides, the country eyes possibilities of benzene production in the oil refineries in Turkmenbashi and Seydi. It will be used as a raw material for production of valuable products, which see high demand in the world market.

The installations for benzene production will allow to produce gasoline meeting the Euro 5 standards, and will provide opportunities for the further developments petrochemical and gas chemical productions.

Turkmenistan plans to raise the productivity of oil refinery industry to 20 million tonnes by 2020, 22 million tonnes by 2025 and  30 million tonnes by 2030.

Today, the country produces 10 million tonnes a year and the most part of the produced oil is being refined at local companies.

Turkmenbashi Complex of Oil Refineries is the flagship of oil refineries industry of Turkmenistan. Today, the share of the complex accounts is a quarter of the volume of industrial products manufactured in the Central Asian country.

Turkmenistan, which is rich with oil and gas resources, opened about two hundred oil and gas fields so far. Potential hydrocarbon resources of the country amount to 71.2 billion tons of oil equivalent, of which 53 billion falls on the land, and 18.2 billion tons - on marine areas.