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. Last Updated: 07/27/2016

BP Seeks 'Unique' Turkmen Energy

ASHGABAT, Turkmenistan -- BP is willing to invest in the "unique" oil and gas resources of Turkmenistan, a BP executive said Friday after meeting the Turkmen leader.

Andy Inglis, chief executive of BP's exploration and production business, met Turkmen President Gurbanguly Berdymukhammedov and highlighted the country's great prospects in the energy sector, reported local media.

"We are confident that Turkmenistan has unique oil and gas resources and believe that our participation in their development could be a profitable business," Inglis told Turkmen state television through an interpreter.

Turkmenistan produces about 200,000 barrels per day of crude and is the biggest gas producer in the former Soviet Union after Russia, with exports of around 50 billion cubic meters of gas per year, mainly to Russia and Ukraine.