Türkmennebit

Türkmennebit
TypeState-owned
IndustryOil
PredecessorBalkanneftegazprom (Nebitdag)
Founded1 July 1996 (1996-07-01)
Headquarters
Ashgabat
,
Turkmenistan
Key peopleAgajanov Guvanch Velinazarovich (Chairman)
ProductsPetroleum, petrol, and related
Websiteturkmennebit.gov.tm

Türkmennebit (alternatively spelled Turkmennebit), also known by the translation of the name as Turkmenoil (in English) or Turkmenneft (in Russian; Туркменнебит), is the national oil company of Turkmenistan. It was established by a presidential decree reorganising parts of the former Ministry of Oil and Gas in July 1996, and has its headquarters in Ashgabat. The chairman of the company is Guychgeldi Baygeldiyev. The main oil fields operated by Türkmennebit are Goturdepe, Barsa-gelmez, Nebitdag, Körpeje, Gamyşlyja, Çeleken and Kemer, mainly in Balkan Province near the Caspian Sea.

In May 2017, Türkmennebit drilled the first well at the Uzynada field, reaching 7,150 meters and it produced 500,000 cubic meters of gas and 200 tonnes of condensate per day.

On 5 April 2022, by Decree of the President of Turkmenistan, Agajanov Guvanch Velinazarovich was appointed as the Chairman of Türkmennebit.

In July 2022, Türkmennebit renewed the Production Sharing Agreement with Dubai’s Dragon Oil Company which was to end in 2025, and now extends until 1 May 2035.

Türkmennebit signed a Memorandum of Understanding (MoU) with Dragon Oil Company for three new offshore oil field within Block 19 in January 2024.

Methane emissions

In May 2023 the Guardian published a report, blaming Turkmenistan in general and Turkmenoil in particular to be the worst in the world for methane emitting. The greenhouse gas was emitted in large amounts from flare stacks that had been extinguished and from a few pipeline leaks. Researchers suspected continuous flaring had been stopped to prevent conflicts with Turkmenistans laws and replaced by venting, which is also illegal, but much harder to detect. The data collected by Kayrros researchers indicate that two large fossil fuel fields leaked 2.6m and 1.8m tonnes of methane in 2022 alone, pumping the CO2 equivalent of 366m tonnes into the atmosphere, surpassing the annual CO2 emissions of the United Kingdom for 2022.

See also

References

  1. ↑ "Central office of Turkmenneft state concern to move to Ashgabat". Turkmenistan.ru. 2009-01-24. Retrieved 2013-04-25.
  2. ↑ "Назначен глава Госконцерна "Туркменнефть"" (in Russian). Turkmenportal. 8 February 2020.
  3. ↑ "Президент Туркменистана произвел кадровые перестановки в правительстве" (in Russian). Orient. 7 February 2020.
  4. ↑ "Drilling of first ultra deep well completed at Eastern Cheleken field in Turkmenistan's west". Turkmenistan.ru. 2005-11-28. Retrieved 2013-04-25.
  5. ↑ "New powerful inflow of oil obtained in Turkmen Caspian shelf". Turkmenistan.ru. 2011-09-15. Retrieved 2013-04-25.
  6. ↑ "New oil field - Kemer - opened in southwest of Turkmenistan". Turkmenistan.ru. 2011-10-26. Retrieved 2013-04-25.
  7. ↑ "Another well at the Uzynada field received an industrial flow of hydrocarbons". oilgas.gov.tm. 2026-09-09. Retrieved 2026-09-09.
  8. ↑ "Turkmenneft receives commercial hydrocarbon flow from well at Uzynada field". interfax.com. Retrieved 2026-09-09.
  9. ↑ "Appointed heads of ministries and sectoral departments". turkmenistan.gov.tm. 2022-04-04. Retrieved 2026-09-09.
  10. ↑ "Turkmenistan's Turkmennebit and UAE's Dragon Oil sign memorandum of understanding". Trend.Az. 2024-01-06. Retrieved 2026-09-09.
  11. ↑ "Dragon Oil and Turkmenistan extended the contract for oil production until 2035". Turkmenportal. 2022-07-01. Retrieved 2026-09-09.
  12. ↑ "Dragon Oil Signs Memorandum of Understanding With Türkmennebit in Dubai | Energy". Business Turkmenistan Information Center. 2024-01-05. Retrieved 2026-09-09.
  13. ↑ "Dragon Oil signs MoU with the Turkmenistan state concern Turkmennebit". Archived from the original on 2024-01-14. Retrieved 2026-09-09.
  14. ↑ Carrington, Damian (9 May 2023). "'Mind-boggling' methane emissions from Turkmenistan revealed". The Guardian. Retrieved 2023-05-09.