Turkmenistan oil industry forecasts $3bn FDI

Turkmenistan oil industry: With its gas output rising fast thanks to demand from China, Turkmenistan now also expects to attract more than $3bn in FDI this year from companies looking  to profit from its Caspian Sea oil reserves, a senior official told Reuters today. Malaysia’s Petronas and London-listed Dragon Oil are already producing oil in Turkmenistan’ sector of the sea, while Germany’s RWE, Russia’s Itera and the Cyprus-based Buried Hill are currently at the prospecting stage. AKI Press