22 Oct 2010 15:57

Rosneft to speed start of production at Turkmenistan

TURKMENBASHI. Oct 22 (Interfax) - The participation of Rosneft in development of hydrocarbon fields on Turkmenistan's Caspian shelf will move up the date for commencement of production by two years, Rosneft board chairman, Deputy Prime Minister Igor Sechin, told journalists.

Zarubezhneft is operating a very good project in Turkmenistan, development of Block 21 on the shelf, Sechin said. "And now, at the request of our colleagues, we are talking about Rosneft joining the project. That could reduce the amount of time needed to bring the field on-stream by a couple of years," he said.

"According to Zarubezhneft's schedule, commercial production may start at the block in five years, and Rosneft's participation could reduce that term by two years," he said.

Among other Russian-Turkmen projects, Sechin named the proposals from Russian companies in the oil and gas chemical industry. For example, he said, Sibur plans to build a facility in Turkmenistan with capacity to produce 1 million tonnes of carbamide a year. "There is a proposal to jointly create a plant for production of nitrate fertilizer supplied from Turkmen and Russian sources," Sechin said.

Russian truck maker the Kamaz will deliver about 800 units to Turkmenistan, he said. "I contacted Kamaz's leadership asking them to improve the reliability of the tires for those vehicles and to improve engine reliability," he said.