Foreign investment in the oil and gas projects in Turkmenistan will exceed $3.5 billion

Almaty. July 3. Silkroadnews - Foreign investment in the development of oil and gas projects in Turkmenistan in the framework of production sharing agreements (PSA) in 2015 is expected to be more than $3.5 billion, informs Trend.
It is noted that Turkmenistan considers as a priority the signing of the PSA by means of direct negotiations on the development of Caspian resources. Local experts say that more than 80% of the resources are in the sediments, at a depth of more than 3 thousand m, as well as in poorly studied areas of oil and gas.
Promising are two major oil and gas basins - Middle Caspian and South Caspian.
At this stage, Turkmenistan annually produces about 10 million tons of oil, the main producer is the state concern "Turkmenneft".