President Gurbanguly Berdimuhamedov said about the need to increase the pace of introduction of advanced technologies in the oil and gas sector, increasing the volume of exports of petroleum products at a government meeting last Friday, which summed up the socio-economic development of the country in January-October 2019.

As Vice Chairman of the Cabinet of Ministers Myratgeldi Meredov said at the meeting of the government, in the ten months of 2019, the plan for oil refining was fulfilled by 101.8 percent, for the production of gasoline-by 100.1 percent, diesel fuel-by 103.5 percent.

After hearing the report, the President of Turkmenistan stressed that the results of ten months showed that production indicators in the oil and gas sector continue to lag behind the annual plan.

According to the head of state, the main reasons for this are low rates of introduction of advanced technologies into production, passive work on placement of high-quality petroleum products and polypropylene film on the world markets. Disadvantages are allowed when placing oil products on the domestic market.

 

The President demanded to step up the pace of introduction of advanced technologies into production, improve the efficiency of well overhaul, attract leading foreign companies to develop new fields, increase oil production from hard-to-reach, difficult-to-develop formations.

Along with this, special emphasis was placed on the issues of oil refining and production of basic petroleum products, placement of these products and polypropylene film on the world and domestic markets.

 

– In order to achieve the planned indicators and growth rates in comparison with 2018, it is necessary to introduce modern technologies into production, including by attracting foreign investment, – the head of state stressed, while noting that it is necessary to expand the scope of joint activities with foreign companies, to determine new areas of cooperation.

Gurbanguly Berdimuhamedov also pointed to the need to increase the production of gas and chemical products, to study the possibilities of logistics to enter new markets, to properly establish the work of the plant producing environmentally friendly gasoline from natural gas.

 

The head of state ordered to analyze the work of the Turkmenbashi complex of oil refineries, to determine promising directions for its further multidisciplinary development, using new forms of production management.

The President instructed to take the necessary measures to introduce digital technologies into the production process, expand the range and improve the quality of manufactured oil products, as well as continue relevant activities to promote them to the world market.

 

The head of state also noted that a meeting will be held in the coming days to discuss these issues.