TURKMENISTAN ANNOUNCES OIL REFINING EXPANSION PLANS, BUT WILL IT HAPPEN?
September 1st, 2011
BY MARK ROWE
WANTED: experienced, international oil majors to overhaul overlooked and possibly underplayed reserves in the Caspian. Apply to the government of Turkmenistan. An announcement to that effect emerged over the summer by the Turkmenistan government, in a move that suggested that the gas-rich country was finally looking to establish the depth of its oil reserves.
Across Turkmenistan's part of the Caspian Sea, the country has announced that 32 blocks are up for licence, and the ruling elite made it clear to international news agencies that many of the ...
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