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. Last Updated: 07/27/2016

Turkmens Raise Gas and Oil Output

ASHGABAT, Turkmenistan -- Turkmenistan raised natural gas production by 11 percent in the first eight months of 2007 compared with the same period last year, state media reported Friday, without giving figures.

The country rarely publishes official statistical data, and many economic indicators are a state secret.

Turkmenistan exports more than 50 billion cubic meters of gas per year. It produces about 200,000 barrels of crude per day.

Oil production grew 9 percent in January through August compared with the same period last year, state television said. Oil refining volumes increased by 2 percent in the period.

Turkmenistan plans to produce 80 bcm of gas this year and export 58 bcm to Russia and neighboring Iran. Oil production is seen at 10.4 million tons this year.

BP, LUKoil and TNK-BP have said they want to invest in Turkmen oil and gas, while France's Total and U.S. major Chevron have also expressed interest in gaining a foothold in the country.