Book Description
This digital document is an article from APS Review Downstream Trends, published by Pam Stein/Input Solutions on September 20, 2004. The length of the article is 1037 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.Citation Details
Title: TURKMENISTAN - The Economic Base.
Publication: APS Review Downstream Trends (Newsletter)
Date: September 20, 2004
Publisher: Pam Stein/Input Solutions
Volume: 63 Issue: 12Distributed by Thompson Gale
Excerpt. © Reprinted by permission. All rights reserved.
Turkmenistan used to be one of the poorest and least developed parts of the world even during the Soviet era. Things have improved since April 1999, when world oil prices began rising - with front-month WTI crude oil in New York almost touching $50/barrel last month. The economy relies heavily on oil and natural gas production.
In 1997, Turkmenistan suffered a 25.9% drop in its real GDP as Russia closed off its gas pipeline network, Turkmenistan's sole gas export option at the time. Since the resolution of the dispute with Russia, Turkmenistan's gas exports have increased dramatically, spurring the country's economy to five straight years of double-digit real GDP growth.
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