TURKMENISTAN SETS AMBITIOUS OIL, GAS TARGETS

Turkmenistan is targeting production of 1.6 million b/d of oil and 22 bcfd of natural gas by 2010. Turkmenistan Fuel and Gas Minister N. Suyunov unveiled the goal at a meeting in the nation's capital, Ashghabad. Underpinning that outlook are the efforts of foreign joint ventures, notably a group led by Occidental Petroleum Corp. that recently won a tender offering for petroleum exploration and development in the former Soviet republic.

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