Turkmen President Instructs to Increase Oil and Gas Production

BUSINESS TURKMENISTAN
Turkmen President Instructs to Increase Oil and Gas Production
The Head of State emphasized that in order to improve production indicators of the oil and gas complex, advanced technologies should be widely incorporated into the production.

President of Turkmenistan Gurbanguly Berdimuhamedov held a working meeting with the management of oil and gas sector of the country, Turkmen State News Agency reports on Tuesday.

The participants of the meeting discussed issues of improving the functioning of the sector and increasing its effectiveness taking into account the priority areas of our country's energy policy.

At the meeting, the heads of the oil and gas complex briefed on the work carried out during the ten months of this year, as well as on the implementation of the previous instructions of the Head of State.

Turkmen Leader emphasized that the further development of the oil and gas industry, which is one of the foundations of the economy, the achievement of its profitability and, as a result, its transformation into an advanced, highly profitable industry, is one of the priorities of the state policy.

In this regard, Turkmen President noted that all the leaders of the oil and gas industry should pay special attention to the rigorous implementation of production tasks by industry enterprises and departments, as well as to achieve a constant increase in their financial and economic indicators and profitable work.

The President pointed out to the management the decrease in some indicators of the sector, especially in oil and gas production and noted that the annual planned targets are not carried out.

Addressing the participants, the President of Turkmenistan outlined a number of main tasks for implementing state programs and improving production indicators of the oil and gas complex of Turkmenistan.

The Head of State emphasized that in order to improve production indicators of the complex, advanced technologies should be widely incorporated into the production based on the latest scientific achievements, adding that foreign investments should be attracted to the industry on mutually beneficial conditions.