Turkmenistan Sees Oil Investment Up at $3.8B
By Marat Gurt
(Reuters) – Hydrocarbon-rich Turkmenistan will attract this year $3.8 billion in investments from its production sharing agreements (PSAs) with foreign firms developing oilfields in the Caspian, a senior state official said on Thursday.
Rising investment in Turkmenistan’s oil-rich Caspian shelf indicates growing interest by foreign oil firms to develop deep-lying but promising riches in the sea, while the state has been reluctant to admit Western companies to its onshore resources.
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