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2015-05-27 18:05:00

TURKMEN GAS RISING

TURKMEN GAS RISING

Finally, Turkmenistan is systematically increasing the volumes of contracts for the gas supply to China. And taking into account the growing demand for gas in China, the gas supplies from Turkmenistan to China will continue to grow.

So, the amount of those, willing to get more Turkmen gas, is increasing. But the volumes of Turkmen gas produced today will not be enough for all. It is necessary to develop new deposits and new investments to enter new routes.

The great demand for Turkmen gas and political support for its transportation projects and procurement in all directions can be a good incentive for foreign investors to pay attention to Turkmenistan. In this situation, the compensation for investors has been guaranteed.

Moreover, given the West's political interest in Turkmen gas, one can expect that those investing in Turkmen gas fields will receive certain preferences in the US and Europe. Thus, the major oil and gas developers will get great benefits as a result of doing business in Turkmenistan.

Taking into account the above-mentioned, it seems like it won't be Turkmenistan trying to attract investors, but the opposite - the investors will compete for the favor of the Turkmen leadership.

oilandgaseurasia.com

Tags: TURKMEN, CHINA, GAS,

Chronicle:

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2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

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2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

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2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

TURKMEN GAS RISING
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

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