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Turkmenistan eyes $3bn investment in its Caspian oil, gas in 2015

Published May 20, 2015 Updated May 20, 2015 06:47am

1 min

By Parvez Jabri

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TURKMENBASHI: Turkmenistan, which owns the world's fourth-largest natural gas reserves, expects foreign companies to invest more than $3 billion in projects on its part of the Caspian Sea shelf this year, a Turkmen government official said on Wednesday.

This figure compares to more than $2.5 billion invested in the Turkmen sector of the sea in 2014, Suleymanmurad Guladov, deputy head of the State Agency for Management and Use of Hydrocarbon Resourses, told an international gas congress.

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