Turkmenistan implements chemical project on Caspian coast

February 25, 2014

The work on an investment project involving the construction of a chemical complex for the production of polyethylene and polypropylene in the Kyyanly seaside settlement is being conducted in the Caspian region of Turkmenistan, the Turkmen government reported on February 24, Trend reported on February 25.

Deputy Prime Minister Baimyrat Hojamuhammedov, who is responsible for the development of the Turkmen fuel and energy complex, made this statement at a recent government meeting in Ashgabat. A new project is planned to be implemented as part of the oil and gas industry development project for the period up to 2030.

Turkmen President Gurbanguly Berdimuhamedov gave instructions for developing the fuel and energy complex and drawing the foreign investments in this area, according to the report. "Along with the expansion of the scope of work for the development of hydrocarbon deposits in the country, the priority should be given to the modernization and technical upgrading of the petrochemical industry, construction of modern gas-chemical enterprises," according to a statement.

Copyright: Trend, 2014