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Commodities

SINOPEC Sees Success in Turkmenistan with $200M Oil Production

Guavy AI Editorial Team
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Oil
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SINOPEC's branch in Turkmenistan has achieved significant milestones over the past four years. According to reports, the company produced more than 1 million tons of oil during this period, valued at approximately $200 million.

The project is being implemented under a contract with the state-owned concern 'Turkmennebit'. SINOPEC's branch has been utilizing modern technologies to increase daily oil production by over 1500 units.

The company has also participated in operations at several fields, including Shatlyk, Dovletabad, Yashildepe, and Bagtyyarlyk. These projects involved drilling, well workovers, and enhancements to gas and oil production.

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